Exchange Income Co. (TSE:EIF) Receives C$69.00 Consensus Target Price from Analysts

Exchange Income Co. (TSE:EIF) has received an average rating of “Buy” from the eight research firms that are currently covering the firm, MarketBeat.com reports. Six investment 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 target among brokers that have updated their coverage on the stock in the last year is C$69.00.

Several brokerages have recently weighed in on EIF. CIBC boosted their target price on Exchange Income from C$66.00 to C$69.00 in a report on Wednesday, December 4th. Canaccord Genuity Group upped their price target on Exchange Income from C$70.00 to C$72.00 in a research note on Tuesday, November 12th. TD Securities cut their price objective on Exchange Income from C$69.00 to C$67.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. National Bankshares upped their target price on shares of Exchange Income from C$61.00 to C$68.00 in a research report on Monday, November 11th. Finally, Royal Bank of Canada boosted their price target on shares of Exchange Income from C$65.00 to C$71.00 in a research note on Thursday, November 14th.

Exchange Income Stock Up 1.6 %

Shares of TSE EIF opened at C$55.30 on Thursday. 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 firm has a market cap of C$2.63 billion, a price-to-earnings ratio of 22.85, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04. The company’s 50-day simple moving average is C$55.25 and its 200-day simple moving average is C$50.05.

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 4.77%. 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.