Chemtrade Logistics Income Fund (TSE:CHE.UN – Get Free Report) crossed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of C$14.82 and traded as high as C$14.90. Chemtrade Logistics Income Fund shares last traded at C$14.83, with a volume of 157,413 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Desjardins boosted their target price on shares of Chemtrade Logistics Income Fund from C$17.25 to C$18.50 and gave the stock a “buy” rating in a research report on Friday, August 14th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$19.56.
Read Our Latest Report on CHE.UN
Chemtrade Logistics Income Fund Stock Down 0.6%
The company has a market capitalization of C$1.66 billion, a price-to-earnings ratio of 11.63 and a beta of 0.81. The stock’s fifty day simple moving average is C$14.78 and its two-hundred day simple moving average is C$15.77. The company has a debt-to-equity ratio of 128.02, a current ratio of 0.40 and a quick ratio of 0.47.
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, sell-side analysts predict that Chemtrade Logistics Income Fund will post 0.99 earnings per share for the current fiscal year.
Chemtrade Logistics Income Fund Dividend Announcement
The business also recently disclosed a monthly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th were given a dividend of $0.06 per share. The ex-dividend date was Monday, August 31st. This represents a $0.72 dividend on an annualized basis and a yield of 4.9%. Chemtrade Logistics Income Fund’s payout ratio 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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