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

Shares of Chemtrade Logistics Income Fund (TSE:CHE.UN) have been assigned an average rating of “Moderate Buy” from the seven analysts that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$19.29.

CHE.UN has been the topic of several recent research reports. BMO Capital Markets upgraded shares of Chemtrade Logistics Income Fund from a “market perform” rating to an “outperform” rating and set a C$18.50 target price on the stock in a research report on Thursday, April 23rd. Royal Bank Of Canada lifted their target price on shares of 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. National Bank Financial lifted 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, Raymond James Financial upgraded shares of Chemtrade Logistics Income Fund from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from C$15.00 to C$21.00 in a research report on Tuesday, April 28th.

Chemtrade Logistics Income Fund Stock Up 1.0%

TSE:CHE.UN opened at C$16.76 on Thursday. The firm’s 50 day simple moving average is C$16.01 and its 200 day simple moving average is C$15.22. The company has a debt-to-equity ratio of 128.02, a current ratio of 0.40 and a quick ratio of 0.48. Chemtrade Logistics Income Fund has a one year low of C$10.61 and a one year high of C$18.43. The company has a market cap of C$1.88 billion, a PE ratio of 13.74 and a beta of 0.65.

Chemtrade Logistics Income Fund Dividend Announcement

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