Chemtrade Logistics Income Fund (TSE:CHE.UN) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Chemtrade Logistics Income Fund (TSE:CHE.UN) has an average recommendation of “Moderate Buy” from six brokerages, with one hold and five buy ratings.
• The stock's average 1-year price target among analysts is C$15.00, indicating potential for growth.
• The company recently declared a monthly dividend of $0.0575 per share, resulting in a 5.6% annualized dividend yield.

Chemtrade Logistics Income Fund (TSE:CHE.UN - Get Free Report) has received an average recommendation of "Moderate Buy" from the six brokerages that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$15.00.

A number of research analysts recently commented on CHE.UN shares. CIBC upped their price objective on Chemtrade Logistics Income Fund from C$10.50 to C$12.50 and gave the company a "neutral" rating in a report on Thursday, May 22nd. Scotiabank raised Chemtrade Logistics Income Fund from a "sector perform" rating to an "outperform" rating and boosted their target price for the company from C$13.50 to C$15.00 in a research report on Friday. National Bankshares boosted their target price on Chemtrade Logistics Income Fund from C$16.50 to C$17.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Desjardins upped their price objective on Chemtrade Logistics Income Fund from C$15.00 to C$15.50 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Finally, Raymond James Financial upped their price objective on Chemtrade Logistics Income Fund from C$14.00 to C$15.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd.

Chemtrade Logistics Income Fund Stock Performance

Shares of TSE CHE.UN traded up C$1.12 during trading on Friday, reaching C$12.24. 1,391,360 shares of the company traded hands, compared to its average volume of 262,423. The firm's fifty day simple moving average is C$11.15 and its 200 day simple moving average is C$10.38. The stock has a market cap of C$1.43 billion, a P/E ratio of 11.13 and a beta of 1.50. Chemtrade Logistics Income Fund has a 12-month low of C$8.50 and a 12-month high of C$12.29. The company has a current ratio of 0.40, a quick ratio of 0.48 and a debt-to-equity ratio of 128.02.

Chemtrade Logistics Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 29th will be given a dividend of $0.0575 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date is Thursday, July 31st. Chemtrade Logistics Income Fund's dividend payout ratio (DPR) is presently 60.00%.

Chemtrade Logistics Income Fund Company Profile

Chemtrade Logistics Income Fund provides industrial chemicals and services in Canada, the United States, and South America. It operates through Sulphur Products & Performance Chemicals (SPPC), Water Solutions & Specialty Chemicals (WSSC), and Electrochemicals (EC) segments. The SPPC segment removes and/or produces merchant, regenerated, and ultra pure sulphuric acid, sodium hydrosulphite, elemental sulphur, liquid sulphur dioxide, hydrogen sulphide, sodium bisulphite, and sulphides.

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