National Bankshares Increases Exchange Income (TSE:EIF) Price Target to C$68.00

Exchange Income (TSE:EIF) had its price target hoisted by National Bankshares from C$61.00 to C$68.00 in a report released on Monday,BayStreet.CA reports.

Several other brokerages have also recently issued reports on EIF. Canaccord Genuity Group upped their target price on Exchange Income from C$68.00 to C$70.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. ATB Capital boosted their price target on shares of Exchange Income from C$66.00 to C$67.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Ventum Financial set a C$74.00 price objective on shares of Exchange Income and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Ventum Cap Mkts upgraded shares of Exchange Income to a “strong-buy” rating in a report on Tuesday, November 5th. Finally, TD Securities dropped their price target on shares of Exchange Income from C$69.00 to C$67.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Seven analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Exchange Income currently has an average rating of “Buy” and a consensus price target of C$68.28.

Exchange Income Trading Up 0.7 %

Shares of Exchange Income stock opened at C$56.48 on Monday. The company has a debt-to-equity ratio of 171.03, a current ratio of 1.77 and a quick ratio of 1.13. The stock’s 50 day simple moving average is C$52.92 and its 200-day simple moving average is C$48.82. The stock has a market cap of C$2.68 billion, a P/E ratio of 23.34, a P/E/G ratio of 1.42 and a beta of 2.04. Exchange Income has a 1-year low of C$43.08 and a 1-year high of C$57.69.

Exchange Income Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.67%. Exchange Income’s payout ratio is currently 109.09%.

About Exchange Income

Exchange Income Corporation, together with its subsidiaries, engages in aerospace and aviation services and equipment, and manufacturing businesses worldwide. The company Aerospace & Aviation, and Manufacturing segments. The Aerospace & Aviation segment offers fixed wing and rotary wing, medevac, passenger, charter, freight, and auxiliary services; and operates two flight schools and trains pilots.