Exchange Income Co. (TSE:EIF) Receives Average Rating of “Buy” from Brokerages

Shares of Exchange Income Co. (TSE:EIF) have earned an average recommendation of “Buy” from the eight analysts that are covering the firm, MarketBeat reports. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$69.00.

Several equities analysts have recently issued reports on EIF shares. TD Securities reduced their price objective on Exchange Income from C$69.00 to C$67.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Royal Bank of Canada boosted their price target on Exchange Income from C$65.00 to C$71.00 in a research report on Thursday, November 14th. Ventum Cap Mkts raised Exchange Income to a “strong-buy” rating in a report on Tuesday, November 5th. Canaccord Genuity Group upped their price objective on shares of Exchange Income from C$70.00 to C$72.00 in a report on Tuesday, November 12th. Finally, Ventum Financial set a C$74.00 target price on shares of Exchange Income and gave the company a “buy” rating in a research note on Tuesday, November 5th.

Exchange Income Trading Down 0.5 %

Shares of TSE:EIF opened at C$55.53 on Thursday. Exchange Income has a fifty-two week low of C$43.08 and a fifty-two week high of C$57.69. The company has a quick ratio of 1.13, a current ratio of 1.77 and a debt-to-equity ratio of 171.03. The company has a market cap of C$2.64 billion, a PE ratio of 22.95, a P/E/G ratio of 1.42 and a beta of 2.04. The company’s 50-day moving average price is C$55.42 and its 200 day moving average price is C$50.21.

Exchange Income Announces Dividend

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 was Thursday, October 31st. This represents a $2.64 annualized dividend and a dividend yield of 4.75%. Exchange Income’s dividend payout ratio (DPR) 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.