Canaccord Genuity Group Boosts Exchange Income (TSE:EIF) Price Target to C$72.00

Exchange Income (TSE:EIF) had its target price increased by Canaccord Genuity Group from C$70.00 to C$72.00 in a research report report published on Tuesday,BayStreet.CA reports.

Several other brokerages also recently weighed in on EIF. TD Securities cut their price target on Exchange Income from C$69.00 to C$67.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Ventum Cap Mkts upgraded shares of Exchange Income to a “strong-buy” rating in a research note on Tuesday, November 5th. CIBC raised their target price on shares of Exchange Income from C$61.50 to C$62.50 and gave the company an “outperform” rating in a report on Monday, August 12th. National Bankshares lifted their price target on shares of Exchange Income from C$61.00 to C$68.00 in a research note on Monday, November 11th. Finally, Ventum Financial set a C$74.00 price objective on shares of Exchange Income and gave the company a “buy” rating in a research report on Tuesday, November 5th. Seven investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$68.28.

Exchange Income Stock Performance

TSE:EIF opened at C$56.16 on Tuesday. The company has a market cap of C$2.67 billion, a price-to-earnings ratio of 23.21, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04. The company has a quick ratio of 1.13, a current ratio of 1.77 and a debt-to-equity ratio of 171.03. Exchange Income has a 52 week low of C$43.08 and a 52 week high of C$57.69. The company has a fifty day simple moving average of C$53.05 and a two-hundred day simple moving average of C$48.89.

Exchange Income Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were paid a dividend of $0.22 per share. The ex-dividend date was Thursday, October 31st. This represents a $2.64 annualized dividend and a yield of 4.70%. Exchange Income’s dividend 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.