Chemtrade Logistics Income Fund (TSE:CHE.UN) Stock Rated “Moderate Buy” by Wall Street Brokerages

Chemtrade Logistics Income Fund (TSE:CHE.UN) has earned an average rating of “Moderate Buy” from the seven analysts that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$19.56.

Separately, Desjardins upped their price target 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 Stock Down 0.7%

CHE.UN opened at C$14.71 on Thursday. Chemtrade Logistics Income Fund has a 12 month low of C$13.29 and a 12 month high of C$18.43. The business has a 50-day moving average of C$14.70 and a two-hundred day moving average of C$15.76. The company has a debt-to-equity ratio of 128.02, a current ratio of 0.40 and a quick ratio of 0.47. The stock has a market capitalization of C$1.65 billion, a price-to-earnings ratio of 11.58 and a beta of 0.86.

Chemtrade Logistics Income Fund (TSE:CHE.UN) last announced its quarterly earnings data 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 business had revenue of C$578.70 million for the quarter. On average, research analysts expect that Chemtrade Logistics Income Fund will post 0.99 earnings per share for the current year.

Chemtrade Logistics Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th were issued a dividend of $0.06 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Monday, August 31st. Chemtrade Logistics Income Fund’s dividend payout ratio is presently 55.51%.

About Chemtrade Logistics Income Fund

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.