Canaccord Genuity Group Forecasts Strong Price Appreciation for Exchange Income (TSE:EIF) Stock

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

Other equities analysts have also issued research reports about the company. National Bankshares boosted their price objective on Exchange Income from C$61.00 to C$68.00 in a research note on Monday, November 11th. TD Securities dropped their price objective on shares of Exchange Income from C$69.00 to C$67.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. ATB Capital raised 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. 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 report on Monday, August 12th. Finally, Ventum Financial set a C$74.00 price target on shares of Exchange Income and gave the stock a “buy” rating in a report on Tuesday, November 5th. Seven analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$68.28.

Exchange Income Trading Down 0.6 %

EIF opened at C$56.16 on Tuesday. The firm has a market capitalization 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’s 50 day simple moving average is C$53.05 and its two-hundred day simple moving average is C$48.89. Exchange Income has a 1-year low of C$43.08 and a 1-year high of C$57.69. The company has a debt-to-equity ratio of 171.03, a current ratio of 1.77 and a quick ratio of 1.13.

Exchange Income Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were paid a dividend of $0.22 per share. This represents a $2.64 dividend on an annualized basis and a yield of 4.70%. The ex-dividend date was Thursday, October 31st. Exchange Income’s dividend payout ratio (DPR) 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.