TD Securities Lowers Exchange Income (TSE:EIF) Price Target to C$67.00

Exchange Income (TSE:EIF) 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.

Exchange Income Stock Down 1.8 %

Exchange Income stock opened at C$55.08 on Wednesday. The company’s 50 day simple moving average is C$50.97 and its 200 day simple moving average is C$48.00. Exchange Income has a fifty-two week low of C$42.05 and a fifty-two week high of C$56.59. The firm has a market capitalization of C$2.62 billion, a price-to-earnings ratio of 22.76, a PEG ratio of 1.42 and a beta of 2.04. The company has a debt-to-equity ratio of 171.03, a current ratio of 1.77 and a quick ratio of 1.13.

Exchange Income (TSE:EIF) 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.