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

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

Separately, Desjardins boosted their target price on Chemtrade Logistics Income Fund from C$17.25 to C$18.50 and gave the company a “buy” rating in a research report on Friday, August 14th.

Chemtrade Logistics Income Fund Stock Performance

CHE.UN opened at C$14.76 on Thursday. The firm has a market cap of C$1.66 billion, a P/E ratio of 11.62 and a beta of 0.81. Chemtrade Logistics Income Fund has a 12 month low of C$13.29 and a 12 month high of C$18.43. The company has a current ratio of 0.40, a quick ratio of 0.47 and a debt-to-equity ratio of 128.02. The stock has a 50-day moving average of C$14.73 and a 200 day moving average of C$15.77.

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

Chemtrade Logistics Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th were paid a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend was Monday, August 31st. Chemtrade Logistics Income Fund’s payout ratio is presently 55.51%.

Chemtrade Logistics Income Fund Company Profile

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.