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

Shares of Chemtrade Logistics Income Fund (TSE:CHE.UN) have been given an average rating of “Moderate Buy” by the seven analysts that are presently covering the stock, 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 twelve-month price objective among analysts that have issued a report on the stock in the last year is C$19.25.

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

Chemtrade Logistics Income Fund Stock Performance

CHE.UN opened at C$16.51 on Monday. Chemtrade Logistics Income Fund has a twelve month low of C$10.95 and a twelve month high of C$18.43. The company has a 50-day simple moving average of C$16.54 and a 200 day simple moving average of C$15.58. The company has a quick ratio of 0.48, a current ratio of 0.40 and a debt-to-equity ratio of 128.02. The stock has a market capitalization of C$1.84 billion, a price-to-earnings ratio of 16.03 and a beta of 0.83.

Chemtrade Logistics Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 29th were paid a dividend of $0.06 per share. The ex-dividend date was Thursday, April 30th. This represents a c) annualized dividend and a yield of 4.4%. Chemtrade Logistics Income Fund’s dividend payout ratio (DPR) is 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.