Canaccord Genuity Group Raises Exchange Income (TSE:EIF) Price Target to C$70.00

Exchange Income (TSE:EIF) had its price target lifted by Canaccord Genuity Group from C$68.00 to C$70.00 in a research report report published on Wednesday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other analysts have also recently weighed in on the company. CIBC boosted their price target on Exchange Income from C$61.50 to C$62.50 and gave the stock an “outperform” rating in a research report on Monday, August 12th. TD Securities raised their price objective on Exchange Income from C$65.00 to C$69.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Finally, ATB Capital upped their target price on 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. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Exchange Income currently has a consensus rating of “Buy” and a consensus price target of C$65.28.

Exchange Income Trading Down 0.2 %

Shares of TSE EIF opened at C$54.75 on Wednesday. The business has a 50 day simple moving average of C$51.29 and a 200 day simple moving average of C$48.08. Exchange Income has a 52 week low of C$42.05 and a 52 week high of C$56.59. The stock has a market cap of C$2.60 billion, a price-to-earnings ratio of 22.62, a PEG ratio of 1.42 and a beta of 2.04. 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 posted 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. The company had revenue of C$660.58 million during the quarter, compared to the consensus estimate of C$677.10 million. Exchange Income had a net margin of 4.44% and a return on equity of 9.38%. On average, research analysts predict that Exchange Income will post 3.9962963 earnings per share for the current fiscal year.

Exchange Income Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be given a $0.22 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $2.64 annualized dividend and a dividend yield of 4.82%. Exchange Income’s dividend payout ratio is 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.