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

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 earned an average recommendation of "Moderate Buy" from the six brokerages that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is C$15.25.

A number of research analysts recently commented on the company. CIBC upped their target price on Chemtrade Logistics Income Fund from C$10.50 to C$12.50 and gave the company a "neutral" rating in a research note on Thursday, May 22nd. National Bankshares increased their price objective on shares of Chemtrade Logistics Income Fund from C$16.50 to C$17.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Desjardins lifted their target price on shares of Chemtrade Logistics Income Fund from C$15.50 to C$16.00 and gave the company a "buy" rating in a research report on Monday. Raymond James Financial upped their target price on shares of Chemtrade Logistics Income Fund from C$15.00 to C$16.00 in a research note on Monday. Finally, Scotiabank raised shares of Chemtrade Logistics Income Fund from a "sector perform" rating to an "outperform" rating and increased their price target for the stock from C$13.50 to C$15.00 in a research report on Friday, August 15th.

Chemtrade Logistics Income Fund Stock Performance

Shares of CHE.UN stock traded up C$0.16 during mid-day trading on Friday, reaching C$12.90. The stock had a trading volume of 362,189 shares, compared to its average volume of 268,278. Chemtrade Logistics Income Fund has a one year low of C$8.50 and a one year high of C$13.05. The firm has a market cap of C$1.50 billion, a PE ratio of 11.73 and a beta of 1.50. The firm's 50 day simple moving average is C$11.28 and its 200 day simple moving average is C$10.44. The company has a quick ratio of 0.48, a current ratio of 0.40 and a debt-to-equity ratio of 128.02.

Chemtrade Logistics Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 29th will be given a dividend of $0.0575 per share. This represents a c) annualized dividend and a dividend yield of 5.3%. The ex-dividend date is Thursday, July 31st. Chemtrade Logistics Income Fund's dividend payout ratio (DPR) is 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.