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

by · The Markets Daily

Chemtrade Logistics Income Fund (TSE:CHE.UN – Get Free Report) has received an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$19.56.

Separately, Desjardins upped their price target 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.

Check Out Our Latest Stock Analysis on CHE.UN

Chemtrade Logistics Income Fund Trading Down 0.3%

TSE:CHE.UN opened at C$14.64 on Friday. The firm has a market cap of C$1.64 billion, a price-to-earnings ratio of 11.53 and a beta of 0.81. Chemtrade Logistics Income Fund has a 52 week low of C$13.18 and a 52 week high of C$18.43. The company has a debt-to-equity ratio of 128.02, a quick ratio of 0.47 and a current ratio of 0.40. The firm has a 50-day moving average price of C$15.09 and a two-hundred day moving average price of C$15.95.

Chemtrade Logistics Income Fund (TSE:CHE.UN – Get Free Report) last issued its quarterly 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 for the quarter. On average, equities analysts expect that Chemtrade Logistics Income Fund will post 0.99 earnings per share for the current fiscal year.

Chemtrade Logistics Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Tuesday, September 29th. Shareholders 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 yield of 4.9%. The ex-dividend date of this dividend was Monday, August 31st. Chemtrade Logistics Income Fund’s payout ratio is presently 55.51%.

Chemtrade Logistics Income Fund Company Profile

(Get Free Report)

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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