Exchange Income Co. (TSE:EIF) Receives C$65.28 Consensus Price Target from Brokerages

Shares of Exchange Income Co. (TSE:EIF) have earned a consensus rating of “Buy” from the eight brokerages that are presently covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$65.28.

EIF has been the topic of several recent research reports. ATB Capital boosted their price objective on shares of Exchange Income from C$66.00 to C$67.00 and gave the stock 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 on the stock in a research report on Wednesday. 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. Finally, CIBC boosted 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 research note on Monday, August 12th.

Exchange Income Price Performance

Shares of TSE EIF opened at C$54.75 on Wednesday. The firm has a market capitalization of C$2.60 billion, a P/E ratio of 22.62, a PEG ratio of 1.42 and a beta of 2.04. Exchange Income has a one year low of C$42.05 and a one year high of C$56.59. The company’s fifty day moving average is C$51.29 and its two-hundred day moving average is C$48.08. 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 (TSE:EIF) last issued its earnings results on Thursday, August 8th. The company reported C$0.80 EPS for the quarter, topping the consensus estimate of C$0.78 by C$0.02. Exchange Income had a net margin of 4.44% and a return on equity of 9.38%. The company had revenue of C$660.58 million for the quarter, compared to analyst estimates of C$677.10 million. Analysts forecast that Exchange Income will post 3.9962963 EPS for the current fiscal year.

Exchange Income Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be paid a dividend of $0.22 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.82%. The ex-dividend date of this dividend is Thursday, October 31st. 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.