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

Shares of Chemtrade Logistics Income Fund (TSE:CHE.UN) have earned a consensus rating of “Moderate Buy” from the seven analysts that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$19.56.

CHE.UN has been the subject of several recent research reports. Royal Bank Of Canada increased their price target on Chemtrade Logistics Income Fund from C$18.00 to C$20.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Desjardins boosted their price target on Chemtrade Logistics Income Fund from C$17.25 to C$18.50 and gave the company a “buy” rating in a research note on Friday, August 14th. Finally, Scotia raised their price objective 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 report on Thursday, May 14th.

Chemtrade Logistics Income Fund Price Performance

CHE.UN stock opened at C$15.15 on Friday. The company has a market capitalization of C$1.70 billion, a P/E ratio of 11.93 and a beta of 0.87. The company has a fifty day moving average price of C$16.14 and a 200-day moving average price of C$16.15. The company has a debt-to-equity ratio of 128.02, a quick ratio of 0.47 and a current ratio of 0.40. Chemtrade Logistics Income Fund has a 52-week low of C$12.73 and a 52-week high of C$18.43.

Chemtrade Logistics Income Fund (TSE:CHE.UN) last posted its quarterly earnings data on Wednesday, August 12th. The company reported C$0.31 earnings per share for the quarter. The business had revenue of C$578.70 million during the quarter. Chemtrade Logistics Income Fund had a return on equity of 19.73% and a net margin of 7.85%. As a group, equities analysts expect that Chemtrade Logistics Income Fund will post 0.9919929 EPS for the current year.

Chemtrade Logistics Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th will be given a $0.06 dividend. This represents a c) dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend is Monday, August 31st. Chemtrade Logistics Income Fund’s payout ratio is presently 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.