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

Shares of Chemtrade Logistics Income Fund (TSE:CHE.UN) have been given a consensus rating of “Moderate Buy” by the seven analysts that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$19.25.

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

Chemtrade Logistics Income Fund Stock Up 0.1%

Chemtrade Logistics Income Fund stock opened at C$16.49 on Tuesday. Chemtrade Logistics Income Fund has a 1-year low of C$11.02 and a 1-year high of C$18.43. The business has a fifty day moving average price of C$16.37 and a 200-day moving average price of C$16.05. 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 capitalization of C$1.86 billion, a price-to-earnings ratio of 16.01 and a beta of 0.88.

Chemtrade Logistics Income Fund (TSE:CHE.UN) last announced its earnings results on Monday, May 11th. The company reported C$0.23 earnings per share (EPS) 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 for the quarter. Equities research analysts forecast 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 disclosed a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 29th were paid a dividend of $0.06 per share. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Thursday, April 30th. Chemtrade Logistics Income Fund’s payout ratio is presently 67.72%.

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.