Shares of Chemtrade Logistics Income Fund (TSE:CHE.UN – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokers 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 company a “buy” rating in a research note on Friday, August 14th.
Read Our Latest Report on CHE.UN
Chemtrade Logistics Income Fund Trading Up 2.2%
TSE CHE.UN opened at C$15.04 on Friday. The company has a debt-to-equity ratio of 128.02, a quick ratio of 0.47 and a current ratio of 0.40. Chemtrade Logistics Income Fund has a one year low of C$13.18 and a one year high of C$18.43. The company has a 50-day simple moving average of C$15.03 and a 200-day simple moving average of C$15.93. The firm has a market capitalization of C$1.69 billion, a PE ratio of 11.84 and a beta of 0.81.
Chemtrade Logistics Income Fund (TSE:CHE.UN – Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The company reported C$0.31 earnings per share for the quarter. Chemtrade Logistics Income Fund had a net margin of 7.85% and a return on equity of 19.73%. The firm had revenue of C$578.70 million for the quarter. On average, equities analysts forecast that Chemtrade Logistics Income Fund will post 0.99 earnings per share for the current year.
Chemtrade Logistics Income Fund Announces Dividend
The business also recently disclosed a monthly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th were paid a dividend of $0.06 per share. This represents a $0.72 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date was Monday, August 31st. Chemtrade Logistics Income Fund’s dividend 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.
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