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

Chemtrade Logistics Income Fund (TSE:CHE.UN) has been assigned a consensus rating of “Moderate Buy” from the seven research firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$19.25.

A number of research firms recently issued reports on CHE.UN. National Bank Financial lifted their target price on Chemtrade Logistics Income Fund from C$18.00 to C$23.50 and gave the company an “outperform” rating in a report on Monday, April 13th. Scotia lifted their target price on Chemtrade Logistics Income Fund from C$17.00 to C$19.00 and gave the company a “sector perform” rating in a report on Thursday, May 14th. BMO Capital Markets upgraded 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. Royal Bank Of Canada lifted their target price on Chemtrade Logistics Income Fund from C$18.00 to C$20.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Finally, Raymond James Financial upgraded Chemtrade Logistics Income Fund from a “market perform” rating to an “outperform” rating and lifted their target price for the company from C$15.00 to C$21.00 in a report on Tuesday, April 28th.

Chemtrade Logistics Income Fund Stock Performance

TSE:CHE.UN opened at C$16.40 on Monday. The firm has a market cap of C$1.83 billion, a PE ratio of 15.92 and a beta of 0.83. The stock has a fifty day moving average price of C$16.56 and a 200 day moving average price of C$15.67. Chemtrade Logistics Income Fund has a 12-month low of C$10.95 and a 12-month high of C$18.43. The company has a current ratio of 0.40, a quick ratio of 0.48 and a debt-to-equity ratio of 128.02.

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 $0.06 dividend. The ex-dividend date was Thursday, April 30th. This represents a c) dividend on an annualized basis 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.