Exchange Income Co. (TSE:EIF) Given Average Rating of "Buy" by Analysts

Exchange Income Co. (TSE:EIF - Get Free Report) has received an average rating of "Buy" from the eight research firms that are presently covering the stock, MarketBeat Ratings reports. Six equities research 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 objective among brokers that have updated their coverage on the stock in the last year is C$69.00.

EIF has been the subject of a number of research reports. 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. National Bankshares boosted their target price on Exchange Income from C$61.00 to C$68.00 in a report on Monday, November 11th. CIBC lifted their price target on shares of Exchange Income from C$66.00 to C$69.00 in a research report on Wednesday, December 4th. Ventum Cap Mkts raised Exchange Income to a "strong-buy" rating in a research report on Tuesday, November 5th. Finally, TD Securities dropped their price objective 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.

Exchange Income Trading Down 1.4 %

Shares of EIF traded down C$0.76 during mid-day trading on Thursday, reaching C$54.44. The company had a trading volume of 116,998 shares, compared to its average volume of 84,602. Exchange Income has a fifty-two week low of C$43.08 and a fifty-two week high of C$57.69. The firm has a fifty day simple moving average of C$55.17 and a 200-day simple moving average of C$49.98. The stock has a market cap of C$2.58 billion, a price-to-earnings ratio of 22.50, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04. 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 Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were issued a $0.22 dividend. This represents a $2.64 annualized dividend and a dividend yield of 4.85%. The ex-dividend date of this dividend was Thursday, October 31st. Exchange Income's dividend payout ratio (DPR) is presently 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.