Chemtrade Logistics Income Fund (TSE:CHE.UN) Shares Down 5.5% – Should You Sell?

Shares of Chemtrade Logistics Income Fund (TSE:CHE.UN) traded down 5.5% during trading on Tuesday . The company traded as low as C$16.85 and last traded at C$17.39. 224,064 shares were traded during trading, a decline of 42% from the average session volume of 383,275 shares. The stock had previously closed at C$18.40.

Wall Street Analyst Weigh In

CHE.UN has been the subject of a number of recent analyst reports. 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 company from C$15.00 to C$21.00 in a research note on Tuesday, April 28th. National Bank Financial raised their target price 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. Finally, 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 target for the company in a research note on Thursday, April 23rd. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$19.00.

Chemtrade Logistics Income Fund Stock Down 9.2%

The company has a current ratio of 0.40, a quick ratio of 0.48 and a debt-to-equity ratio of 128.02. The firm has a market cap of C$1.87 billion, a PE ratio of 13.69 and a beta of 0.65. The business’s 50-day simple moving average is C$15.96 and its 200 day simple moving average is C$15.18.

Chemtrade Logistics Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 29th will be issued a dividend of $0.06 per share. The ex-dividend date is Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 4.3%. Chemtrade Logistics Income Fund’s dividend payout ratio is currently 56.56%.

Chemtrade Logistics Income Fund Company Profile

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.