Chemtrade Logistics Income Fund (TSE:CHE.UN) has been given an average recommendation of “Buy” by the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$9.50.
CHE.UN has been the topic of several analyst reports. BMO Capital Markets upped their price objective on Chemtrade Logistics Income Fund from C$7.00 to C$8.00 in a research note on Friday, November 12th. CIBC reiterated an “outperform” rating on shares of Chemtrade Logistics Income Fund in a research note on Friday, October 15th. Raymond James set a C$12.00 price objective on Chemtrade Logistics Income Fund and gave the company an “outperform” rating in a research note on Friday, November 12th. National Bankshares upped their price objective on Chemtrade Logistics Income Fund from C$9.50 to C$10.00 and gave the company an “outperform” rating in a research note on Monday, November 15th. Finally, Scotiabank upgraded Chemtrade Logistics Income Fund from an “underperform” rating to a “sector perform” rating and upped their price objective for the company from C$7.00 to C$8.50 in a research note on Friday, November 12th.
Chemtrade Logistics Income Fund stock opened at C$7.42 on Friday. The business has a 50 day moving average price of C$7.65 and a two-hundred day moving average price of C$7.16. The company has a quick ratio of 0.45, a current ratio of 1.49 and a debt-to-equity ratio of 257.63. The stock has a market cap of C$771.06 million and a price-to-earnings ratio of -9.12. Chemtrade Logistics Income Fund has a 12 month low of C$5.66 and a 12 month high of C$8.70.
The business also recently declared a monthly dividend, which was paid on Thursday, December 23rd. Stockholders of record on Thursday, December 23rd were paid a $0.05 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.09%. The ex-dividend date of this dividend was Monday, November 29th. Chemtrade Logistics Income Fund’s dividend payout ratio (DPR) is currently -73.71%.
Chemtrade Logistics Income Fund Company Profile
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.