Exchange Income (TSE:EIF) Given a C$74.00 Price Target by Ventum Financial Analysts

Ventum Financial set a C$74.00 price objective on Exchange Income (TSE:EIF) in a research note published on Tuesday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

EIF has been the subject of several other research reports. Canaccord Genuity Group boosted their price objective on shares of Exchange Income from C$68.00 to C$70.00 and gave the stock a “buy” rating in a research 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. TD Securities decreased their price objective 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. Finally, CIBC lifted their target price on Exchange Income from C$61.50 to C$62.50 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Eight analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$66.15.

Exchange Income Stock Down 0.0 %

Exchange Income stock opened at C$55.87 on Tuesday. The stock has a market cap of C$2.65 billion, a PE ratio of 23.09, a P/E/G 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. The stock’s fifty day moving average is C$52.39 and its two-hundred day moving average is C$48.56. Exchange Income has a 1-year low of C$42.83 and a 1-year high of C$57.69.

Exchange Income (TSE:EIF) last posted its earnings results 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. The firm had revenue of C$660.58 million during the quarter, compared to analysts’ expectations of C$677.10 million. Exchange Income had a return on equity of 9.38% and a net margin of 4.44%. On average, sell-side analysts expect that Exchange Income will post 3.9962963 EPS for the current fiscal year.

Exchange Income Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be given 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 4.73%. 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.