Exchange Income Co. (TSE:EIF) Receives C$68.28 Consensus Price Target from Analysts

Exchange Income Co. (TSE:EIF - Get Free Report) has been given an average rating of "Buy" by the eight ratings firms that are covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$68.28.

Several research analysts recently weighed in on the stock. National Bankshares lifted their price objective on shares of 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 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. Royal Bank of Canada increased their price objective on shares of Exchange Income from C$65.00 to C$71.00 in a research report on Thursday. Ventum Financial set a C$74.00 price objective on shares of Exchange Income and gave the company a "buy" rating in a report on Tuesday, November 5th. Finally, Ventum Cap Mkts raised Exchange Income to a "strong-buy" rating in a report on Tuesday, November 5th.

Exchange Income Price Performance

TSE EIF traded down C$0.32 during trading hours on Friday, reaching C$56.16. 185,200 shares of the company's stock were exchanged, compared to its average volume of 83,791. The firm has a fifty day moving average of C$53.05 and a 200-day moving average of C$48.92. The company has a current ratio of 1.77, a quick ratio of 1.13 and a debt-to-equity ratio of 171.03. Exchange Income has a one year low of C$43.08 and a one year high of C$57.69. The stock has a market cap of C$2.67 billion, a PE ratio of 23.21, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04.

Exchange Income Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were given a $0.22 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $2.64 annualized dividend and a yield of 4.70%. Exchange Income's 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.