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

Chemtrade Logistics Income Fund (TSE:CHE.UN) has been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the stock, Marketbeat.com 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 objective among brokers that have covered the stock in the last year is C$19.25.

A number of analysts have weighed in on CHE.UN shares. National Bank Financial upped their target price on Chemtrade Logistics Income Fund from C$18.00 to C$23.50 and gave the stock an “outperform” rating in a report on Monday, April 13th. BMO Capital Markets upgraded Chemtrade Logistics Income Fund from a “market perform” rating to an “outperform” rating and set a C$18.50 price target on the stock in a report on Thursday, April 23rd. Royal Bank Of Canada boosted their price target on Chemtrade Logistics Income Fund from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Scotia upped their price objective on 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 upgraded Chemtrade Logistics Income Fund from a “market perform” rating to an “outperform” rating and lifted their target price for the company from C$15.00 to C$21.00 in a research note on Tuesday, April 28th.

Chemtrade Logistics Income Fund Trading Up 3.4%

TSE CHE.UN opened at C$16.51 on Friday. Chemtrade Logistics Income Fund has a one year low of C$11.02 and a one year high of C$18.43. 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 company has a market capitalization of C$1.86 billion, a price-to-earnings ratio of 16.03 and a beta of 0.88. The company’s 50-day simple moving average is C$16.51 and its two-hundred day simple moving average is C$15.85.

Chemtrade Logistics Income Fund (TSE:CHE.UN) last announced its quarterly earnings results on Monday, May 11th. The company reported C$0.23 earnings per share for the quarter. The firm had revenue of C$503.00 million during the quarter. Chemtrade Logistics Income Fund had a net margin of 7.85% and a return on equity of 19.73%. Equities analysts forecast that Chemtrade Logistics Income Fund will post 0.9919929 EPS for the current fiscal year.

Chemtrade Logistics Income Fund Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 29th were issued a $0.06 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date was Thursday, April 30th. Chemtrade Logistics Income Fund’s dividend payout ratio (DPR) is currently 67.72%.

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.