Chemtrade Logistics Income Fund (TSE:CHE.UN) Stock Has Consensus Target Price of C$19.56

Key Points

• Analysts maintain a “Moderate Buy” consensus on Chemtrade Logistics Income Fund, with five buy ratings and two holds. The average 12-month price target is C$19.56, while Desjardins recently raised its target to C$18.50.
• Shares opened at C$14.68, up 2.0%, with a 52-week range of C$13.18 to C$18.43 and a market capitalization of approximately C$1.65 billion.
• Chemtrade reported quarterly revenue of C$578.70 million and EPS of C$0.31, while paying a monthly dividend of C$0.06 per share, equivalent to a 4.9% annualized yield.

Chemtrade Logistics Income Fund (TSE:CHE.UN - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the seven brokerages that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$19.56.

Separately, Desjardins increased their price objective 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.

Chemtrade Logistics Income Fund Trading Up 2.0%

Shares of CHE.UN opened at C$14.68 on Friday. Chemtrade Logistics Income Fund has a twelve month low of C$13.18 and a twelve month high of C$18.43. The company has a market cap of C$1.65 billion, a P/E ratio of 11.56 and a beta of 0.81. The company has a current ratio of 0.40, a quick ratio of 0.47 and a debt-to-equity ratio of 128.02. The company's fifty day simple moving average is C$15.15 and its 200-day simple moving average is C$15.96.

Chemtrade Logistics Income Fund (TSE:CHE.UN - Get Free Report) last released its earnings results on Wednesday, August 12th. The company reported C$0.31 earnings per share (EPS) 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 during the quarter. As a group, analysts expect that Chemtrade Logistics Income Fund will post 0.99 EPS for the current year.

Chemtrade Logistics Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th were given a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a dividend yield of 4.9%. The ex-dividend date was Monday, August 31st. Chemtrade Logistics Income Fund's payout ratio 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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