Royal Bank of Canada Forecasts Strong Price Appreciation for Exchange Income (TSE:EIF) Stock

Exchange Income (TSE:EIF) had its price objective increased by Royal Bank of Canada from C$65.00 to C$71.00 in a report released on Thursday morning,BayStreet.CA reports.

EIF has been the subject of several other research reports. ATB Capital raised their price objective on shares of Exchange Income from C$66.00 to C$67.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. CIBC raised their price target on shares of Exchange Income from C$61.50 to C$62.50 and gave the company an “outperform” rating in a research report on Monday, August 12th. TD Securities cut their price objective on Exchange Income from C$69.00 to C$67.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. 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 target price on Exchange Income and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$68.28.

Exchange Income Stock Performance

Shares of Exchange Income stock opened at C$56.16 on Thursday. The stock 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 has a debt-to-equity ratio of 171.03, a current ratio of 1.77 and a quick ratio of 1.13. The business has a 50-day moving average of C$53.05 and a 200 day moving average of C$48.92. Exchange Income has a 12 month low of C$43.08 and a 12 month high of C$57.69.

Exchange Income Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $2.64 annualized dividend and a dividend yield of 4.70%. Exchange Income’s dividend payout ratio is currently 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.