Chemtrade Logistics Income Fund - CHE.UN Stock Forecast, Price & News

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. This segment also offers industrial services, such as processing by-products and waste streams. Its WSSC segment manufactures and markets various inorganic coagulants used in water treatment, including aluminum sulphate, aluminum chlorohydrate, polyaluminum chloride, and ferric sulphate; and a range of specialty chemicals, such as sodium nitrite, potassium chloride, phosphorus pentasulphide, and vaccine adjuvants. The EC segment manufactures and markets sodium chlorate and chlor-alkali products for the pulp and paper, oil and gas, and water treatment industries. Chemtrade Logistics Income Fund was founded in 2001 and is headquartered in Toronto, Canada.

Wall Street Analysts Forecast Growth

CHE.UN has been the subject of several research reports. Raymond James set a C$12.00 target price on shares of Chemtrade Logistics Income Fund and gave the stock an "outperform" rating in a research report on Thursday, May 12th. CIBC upgraded shares of Chemtrade Logistics Income Fund from a "sector perform" rating to an "outperform" rating and upped their price target for the company from C$9.50 to C$10.25 in a research report on Monday, June 27th. National Bankshares upped their price target on shares of Chemtrade Logistics Income Fund from C$8.75 to C$9.25 and gave the company an "outperform" rating in a research report on Thursday, May 12th. Scotiabank upped their price target on shares of Chemtrade Logistics Income Fund from C$8.50 to C$9.50 in a research report on Thursday, May 12th. Finally, BMO Capital Markets upped their price target on shares of Chemtrade Logistics Income Fund from C$7.50 to C$8.00 in a research report on Thursday, May 12th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of C$9.75.

Chemtrade Logistics Income Fund Trading Up 2.1 %

CHE.UN Stock traded up C$0.17 during trading on Friday, reaching C$8.44. The company had a trading volume of 254,935 shares, compared to its average volume of 333,380. Chemtrade Logistics Income Fund has a 52 week low of C$6.01 and a 52 week high of C$8.92. The company has a market cap of C$883.09 million and a P/E ratio of -4.29. The business has a 50 day moving average of C$8.11 and a 200 day moving average of C$7.86. The company has a debt-to-equity ratio of 298.00, a current ratio of 0.93 and a quick ratio of 0.48.

Chemtrade Logistics Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, June 27th. Investors of record on Monday, June 27th were paid a $0.05 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 7.11%. The ex-dividend date was Monday, May 30th. Chemtrade Logistics Income Fund's payout ratio is currently -30.49%.