Chemtrade Logistics Income Fund (TSE:CHE.UN – Get Free Report) has earned an average recommendation of “Moderate Buy” from the seven brokerages that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$19.56.
Separately, Desjardins lifted their target price on Chemtrade Logistics Income Fund from C$17.25 to C$18.50 and gave the stock a “buy” rating in a report on Friday, August 14th.
View Our Latest Stock Analysis on CHE.UN
Chemtrade Logistics Income Fund Stock Performance
Chemtrade Logistics Income Fund (TSE:CHE.UN – Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The company reported C$0.31 EPS for the quarter. Chemtrade Logistics Income Fund had a net margin of 7.85% and a return on equity of 19.73%. The business had revenue of C$578.70 million for the quarter. As a group, sell-side analysts forecast that Chemtrade Logistics Income Fund will post 0.9919929 earnings per share for the current fiscal year.
Chemtrade Logistics Income Fund Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th will be issued a dividend of $0.06 per share. This represents a c) annualized dividend and a yield of 4.9%. The ex-dividend date is Monday, August 31st. Chemtrade Logistics Income Fund’s dividend payout ratio (DPR) is currently 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.
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