Shares of Exchange Income Co. (TSE:EIF – Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as C$57.45 and last traded at C$57.55, with a volume of 62651 shares. The stock had previously closed at C$56.39.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on EIF shares. TD Securities reduced their price target on shares of Exchange Income from C$69.00 to C$67.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Ventum Financial set a C$74.00 target price on Exchange Income and gave the company a “buy” rating in a research report on Tuesday, November 5th. Ventum Cap Mkts upgraded Exchange Income to a “strong-buy” rating in a report on Tuesday, November 5th. National Bankshares boosted their target price on shares of Exchange Income from C$61.00 to C$68.00 in a report on Monday, November 11th. Finally, Royal Bank of Canada raised their price target on shares of Exchange Income from C$65.00 to C$71.00 in a research note on Thursday, November 14th. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$69.00.
View Our Latest Stock Report on EIF
Exchange Income Stock Performance
Exchange Income Dividend Announcement
The firm also recently declared a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $2.64 dividend on an annualized basis and a yield of 4.59%. Exchange Income’s 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.
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