Chemtrade Logistics Income Fund (TSE:CHE.UN) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Chemtrade Logistics Income Fund (TSE:CHE.UN) have been assigned an average rating of “Moderate Buy” from the seven analysts that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$19.56.

Separately, Desjardins boosted their target price on shares of Chemtrade Logistics Income Fund from C$17.25 to C$18.50 and gave the stock a “buy” rating in a research note on Friday, August 14th.

Chemtrade Logistics Income Fund Trading Up 0.1%

Shares of Chemtrade Logistics Income Fund stock opened at C$14.72 on Wednesday. The firm has a fifty day moving average price of C$15.70 and a 200 day moving average price of C$16.02. The company has a debt-to-equity ratio of 128.02, a current ratio of 0.40 and a quick ratio of 0.47. The stock has a market cap of C$1.65 billion, a PE ratio of 11.59 and a beta of 0.77. Chemtrade Logistics Income Fund has a 1 year low of C$13.14 and a 1 year high of C$18.43.

Chemtrade Logistics Income Fund (TSE:CHE.UN) last released its quarterly earnings data on Wednesday, August 12th. The company reported C$0.31 EPS for the quarter. Chemtrade Logistics Income Fund had a return on equity of 19.73% and a net margin of 7.85%.The business had revenue of C$578.70 million for the quarter. Equities research analysts predict that Chemtrade Logistics Income Fund will post 0.9919929 earnings per share for the current year.

Chemtrade Logistics Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th will be paid a $0.06 dividend. This represents a c) dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend is Monday, August 31st. Chemtrade Logistics Income Fund’s dividend payout ratio (DPR) is 55.51%.

About Chemtrade Logistics Income Fund

Chemtrade operates a diversified business providing industrial chemicals and services to customers in North America and around the world. Chemtrade is one of North America’s largest suppliers of sulphuric acid, spent acid processing services, inorganic coagulants for water treatment, sodium chlorate, sodium nitrite and sodium hydrosulphite. Chemtrade is also one of the largest producers of high purity sulphuric acid for the semiconductor industry in North America. Chemtrade is a leading regional supplier of sulphur, chlor-alkali products, and zinc oxide.