Exchange Income (TSE:EIF – Free Report) had its price target decreased by TD Securities from C$69.00 to C$67.00 in a research report report published on Wednesday morning, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.
Several other research firms have also weighed in on EIF. ATB Capital lifted their price objective on shares of Exchange Income from C$66.00 to C$67.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. CIBC lifted their price target on shares of Exchange Income from C$61.50 to C$62.50 and gave the company an “outperform” rating in a research note on Monday, August 12th. Finally, Canaccord Genuity Group lifted their price target on shares of Exchange Income from C$68.00 to C$70.00 and gave the company a “buy” rating in a research note on Wednesday. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$65.28.
Read Our Latest Research Report on EIF
Exchange Income Stock Down 1.8 %
Exchange Income (TSE:EIF – Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported C$0.80 earnings per share for the quarter, topping the consensus estimate of C$0.78 by C$0.02. Exchange Income had a net margin of 4.44% and a return on equity of 9.38%. The business had revenue of C$660.58 million for the quarter, compared to analyst estimates of C$677.10 million. As a group, sell-side analysts anticipate that Exchange Income will post 3.9962963 EPS for the current year.
Exchange Income Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be issued a dividend of $0.22 per share. The ex-dividend date is Thursday, October 31st. This represents a $2.64 dividend on an annualized basis and a yield of 4.79%. Exchange Income’s payout ratio is 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.
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