Analysts Set Exchange Income Co. (TSE:EIF) Price Target at C$69.00

Exchange Income Co. (TSE:EIF) has been given a consensus rating of “Buy” by the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$69.00.

Several research firms recently issued reports on EIF. Ventum Financial set a C$74.00 target price on Exchange Income and gave the company a “buy” rating in a research report on Tuesday, November 5th. Canaccord Genuity Group upped their target price on Exchange Income from C$70.00 to C$72.00 in a research report on Tuesday, November 12th. CIBC upped their target price on Exchange Income from C$66.00 to C$69.00 in a research report on Wednesday, December 4th. Royal Bank of Canada upped their target price on Exchange Income from C$65.00 to C$71.00 in a research report on Thursday, November 14th. Finally, Ventum Cap Mkts upgraded Exchange Income to a “strong-buy” rating in a research note on Tuesday, November 5th.

Exchange Income Price Performance

TSE EIF opened at C$57.19 on Monday. 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 price is C$56.41 and its 200 day moving average price is C$51.63. Exchange Income has a 1 year low of C$43.08 and a 1 year high of C$59.32. The company has a market cap of C$2.72 billion, a price-to-earnings ratio of 23.63, a PEG ratio of 1.42 and a beta of 2.04.

Exchange Income Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were issued a $0.22 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $2.64 dividend on an annualized basis and a yield of 4.62%. Exchange Income’s payout ratio is 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.