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

Shares of Chemtrade Logistics Income Fund (TSE:CHE.UN) have been given an average recommendation of “Moderate Buy” by the seven analysts that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$19.25.

A number of research firms have weighed in on CHE.UN. National Bank Financial lifted their target price on Chemtrade Logistics Income Fund from C$18.00 to C$23.50 and gave the company an “outperform” rating in a report on Monday, April 13th. Scotia lifted their price target on Chemtrade Logistics Income Fund from C$17.00 to C$19.00 and gave the company a “sector perform” rating in a research report on Thursday, May 14th. Raymond James Financial upgraded Chemtrade Logistics Income Fund from a “market perform” rating to an “outperform” rating and lifted their price target for the company from C$15.00 to C$21.00 in a research report on Tuesday, April 28th. Royal Bank Of Canada lifted 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 report on Wednesday, May 13th. Finally, 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 for the company in a research report on Thursday, April 23rd.

Chemtrade Logistics Income Fund Stock Performance

Shares of CHE.UN opened at C$16.51 on Monday. The company has a debt-to-equity ratio of 128.02, a quick ratio of 0.48 and a current ratio of 0.40. The firm has a market cap of C$1.84 billion, a P/E ratio of 16.03 and a beta of 0.83. Chemtrade Logistics Income Fund has a fifty-two week low of C$10.95 and a fifty-two week high of C$18.43. The business has a 50-day moving average of C$16.54 and a 200 day moving average of C$15.58.

Chemtrade Logistics Income Fund Announces Dividend

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