Exchange Income Co. (TSE:EIF) Receives C$68.28 Average PT from Analysts

Shares of Exchange Income Co. (TSE:EIF) have been given an average recommendation of “Buy” by the eight analysts that are currently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$68.28.

Several analysts recently commented on EIF shares. Canaccord Genuity Group upped their price target on shares of Exchange Income from C$70.00 to C$72.00 in a research report on Tuesday, November 12th. Royal Bank of Canada increased their target price on shares of Exchange Income from C$65.00 to C$71.00 in a research note on Thursday, November 14th. CIBC upped their price objective on 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. Ventum Cap Mkts upgraded Exchange Income to a “strong-buy” rating in a research note on Tuesday, November 5th. Finally, Ventum Financial set a C$74.00 price target on Exchange Income and gave the stock a “buy” rating in a research note on Tuesday, November 5th.

Exchange Income Stock Up 0.4 %

EIF opened at C$55.81 on Friday. The stock has a market capitalization of C$2.65 billion, a P/E ratio of 23.05, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04. The company has a debt-to-equity ratio of 171.03, a quick ratio of 1.13 and a current ratio of 1.77. Exchange Income has a one year low of C$43.08 and a one year high of C$57.69. The business’s 50-day simple moving average is C$53.31 and its 200-day simple moving average is C$49.01.

Exchange Income Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.73%. Exchange Income’s dividend payout ratio (DPR) is presently 109.09%.

Exchange Income Company Profile

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.