Chemtrade Logistics Income Fund (CHE.UN.TO) – What Are Analysts Thinking About This Stock?

Shares of Chemtrade Logistics Income Fund (TSE:CHE.UN) have earned a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is C$19.56.

Separately, Desjardins raised their price objective on Chemtrade Logistics Income Fund from C$17.25 to C$18.50 and gave the stock a “buy” rating in a report on Friday, August 14th.

Chemtrade Logistics Income Fund Stock Performance

Chemtrade Logistics Income Fund stock opened at C$15.06 on Friday. The stock has a fifty day moving average of C$15.01 and a two-hundred day moving average of C$15.92. Chemtrade Logistics Income Fund has a fifty-two week low of C$13.18 and a fifty-two week high of C$18.43. The company has a market capitalization of C$1.69 billion, a price-to-earnings ratio of 11.86 and a beta of 0.81. The company has a debt-to-equity ratio of 128.02, a quick ratio of 0.47 and a current ratio of 0.40.

Chemtrade Logistics Income Fund (TSE:CHE.UN) last issued its quarterly earnings results on Wednesday, August 12th. The company reported C$0.31 EPS for the quarter. The business had revenue of C$578.70 million during the quarter. Chemtrade Logistics Income Fund had a net margin of 7.85% and a return on equity of 19.73%. On average, analysts anticipate that Chemtrade Logistics Income Fund will post 0.99 EPS for the current fiscal year.

Chemtrade Logistics Income Fund Announces Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th were issued a dividend of $0.06 per share. This represents a $0.72 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend was Monday, August 31st. Chemtrade Logistics Income Fund’s dividend payout ratio (DPR) is presently 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.