Chemtrade Logistics Income Fund (TSE:CHE.UN) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Analyst sentiment is positive: Seven brokerages give Chemtrade Logistics Income Fund a consensus “Moderate Buy” rating, with five buys and two holds. The average 12-month price target is C$19.56, while Desjardins recently raised its target to C$18.50.
• Quarterly results showed solid profitability: Chemtrade reported C$0.31 in quarterly EPS and C$578.70 million in revenue, alongside a 7.85% net margin and 19.73% return on equity.
• Investors receive a monthly dividend: The company declared a dividend of C$0.06 per share, representing an annualized yield of approximately 4.9% and a payout ratio of 55.51%.

Shares of Chemtrade Logistics Income Fund (TSE:CHE.UN - Get Free Report) have received a consensus rating of "Moderate Buy" from the seven brokerages that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$19.56.

Separately, Desjardins boosted their price objective on Chemtrade Logistics Income Fund from C$17.25 to C$18.50 and gave the company a "buy" rating in a research report on Friday, August 14th.

Chemtrade Logistics Income Fund Stock Up 2.0%

Shares of CHE.UN stock opened at C$14.59 on Wednesday. The company has a market capitalization of C$1.64 billion, a price-to-earnings ratio of 11.49 and a beta of 0.77. Chemtrade Logistics Income Fund has a one year low of C$12.83 and a one year high of C$18.43. The company's fifty day moving average price is C$15.91 and its 200-day moving average price is C$16.05. 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 issued its earnings results 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 company had revenue of C$578.70 million during the quarter. Sell-side analysts expect that Chemtrade Logistics Income Fund will post 0.9919929 EPS for the current fiscal year.

Chemtrade Logistics Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th will be paid a dividend of $0.06 per share. This represents a c) annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend is Monday, August 31st. Chemtrade Logistics Income Fund's dividend payout ratio (DPR) is 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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