Chemtrade Logistics Income Fund (TSE:CHE.UN) Stock Has Average Price Target of C$19.56 According to Analysts

Shares of Chemtrade Logistics Income Fund (TSE:CHE.UN) have been assigned an average 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 given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$19.56.

Separately, Desjardins lifted their target price 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

CHE.UN opened at C$14.76 on Thursday. The company has a debt-to-equity ratio of 128.02, a quick ratio of 0.47 and a current ratio of 0.40. The stock has a market capitalization of C$1.66 billion, a price-to-earnings ratio of 11.62 and a beta of 0.81. The company has a fifty day moving average of C$14.73 and a 200 day moving average of C$15.77. Chemtrade Logistics Income Fund has a fifty-two week low of C$13.29 and a fifty-two week high of C$18.43.

Chemtrade Logistics Income Fund (TSE:CHE.UN) last announced its quarterly earnings results on Wednesday, August 12th. The company reported C$0.31 EPS for the quarter. Chemtrade Logistics Income Fund had a net margin of 7.85% and a return on equity of 19.73%. The business had revenue of C$578.70 million for the quarter. As a group, sell-side analysts forecast that Chemtrade Logistics Income Fund will post 0.99 earnings per share for the current fiscal year.

Chemtrade Logistics Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th were issued a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a yield of 4.9%. The ex-dividend date was Monday, August 31st. Chemtrade Logistics Income Fund’s dividend payout ratio (DPR) is currently 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.