Chemtrade Logistics Income Fund (TSE:CHE.UN) Given Consensus Rating of “Moderate Buy” by Brokerages

Chemtrade Logistics Income Fund (TSE:CHE.UN) has received a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$19.25.

Several equities analysts have recently weighed in on CHE.UN shares. Raymond James Financial raised shares of Chemtrade Logistics Income Fund from a “market perform” rating to an “outperform” rating and raised their price target for the stock from C$15.00 to C$21.00 in a research note on Tuesday, April 28th. BMO Capital Markets upgraded shares of Chemtrade Logistics Income Fund from a “market perform” rating to an “outperform” rating and set a C$18.50 target price for the company in a report on Thursday, April 23rd. Scotia raised their target price on shares of Chemtrade Logistics Income Fund from C$17.00 to C$19.00 and gave the company a “sector perform” rating in a research report on Thursday, May 14th. Royal Bank Of Canada lifted their price target on shares of Chemtrade Logistics Income Fund from C$18.00 to C$20.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Finally, National Bank Financial boosted their price target on shares of Chemtrade Logistics Income Fund from C$18.00 to C$23.50 and gave the stock an “outperform” rating in a research report on Monday, April 13th.

Chemtrade Logistics Income Fund Stock Performance

CHE.UN opened at C$15.47 on Friday. The business’s 50-day moving average price is C$16.50 and its two-hundred day moving average price is C$15.82. Chemtrade Logistics Income Fund has a 1 year low of C$11.01 and a 1 year high of C$18.43. The company has a market capitalization of C$1.72 billion, a price-to-earnings ratio of 15.02 and a beta of 0.83. The company has a debt-to-equity ratio of 128.02, a current ratio of 0.40 and a quick ratio of 0.47.

Chemtrade Logistics Income Fund (TSE:CHE.UN) last posted its quarterly earnings data on Monday, May 11th. The company reported C$0.23 earnings per share for the quarter. Chemtrade Logistics Income Fund had a return on equity of 19.73% and a net margin of 7.85%.The company had revenue of C$503.00 million during the quarter. Equities analysts expect that Chemtrade Logistics Income Fund will post 0.9919929 EPS for the current fiscal year.

Chemtrade Logistics Income Fund Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 29th were issued a dividend of $0.06 per share. This represents a c) annualized dividend and a yield of 4.7%. The ex-dividend date was Thursday, April 30th. Chemtrade Logistics Income Fund’s dividend payout ratio is presently 67.72%.

About Chemtrade Logistics Income Fund

Chemtrade Logistics Income Fund provides industrial chemicals and services to customers in North America and around the world. The company organized into four main operating segments: Sulphur Products and Performance Chemicals (SPPC), Water Solutions and Specialty Chemicals (WSSC), Electrochemicals, and Corporate. It generates maximum revenue from Electrochemicals segment. Chemtrade operates in Canada, the United States, and South America of which maximum revenue comes from the United States. SPPC markets, remove and produces merchant, regenerated and ultra-pure sulphuric acid, liquid sulphur dioxide, sodium hydrosulfite and provides other processing services.