Exchange Income (TSE:EIF) PT Set at C$74.00 by Ventum Financial

Ventum Financial set a C$74.00 price objective on Exchange Income (TSE:EIF - Free Report) in a research report sent to investors on Tuesday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other brokerages have also recently weighed in on EIF. ATB Capital increased their price objective on shares of Exchange Income from C$66.00 to C$67.00 and gave the stock an "outperform" rating in a research note on Monday, August 12th. TD Securities dropped 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. CIBC upped their price objective on Exchange Income from C$61.50 to C$62.50 and gave the stock an "outperform" rating in a research note on Monday, August 12th. Finally, Canaccord Genuity Group raised their target price on Exchange Income from C$68.00 to C$70.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Exchange Income presently has an average rating of "Buy" and a consensus price target of C$66.15.

Exchange Income Stock Performance

Shares of EIF traded up C$0.58 during mid-day trading on Tuesday, hitting C$55.03. 85,319 shares of the company traded hands, compared to its average volume of 82,725. Exchange Income has a 1 year low of C$42.83 and a 1 year high of C$56.59. The company has a debt-to-equity ratio of 171.03, a quick ratio of 1.13 and a current ratio of 1.77. The stock has a 50-day moving average price of C$52.02 and a two-hundred day moving average price of C$48.36. The stock has a market cap of C$2.61 billion, a price-to-earnings ratio of 22.73, a P/E/G ratio of 1.42 and a beta of 2.04.

Exchange Income (TSE:EIF - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported C$0.80 earnings per share for the quarter, beating the consensus estimate of C$0.78 by C$0.02. Exchange Income had a return on equity of 9.38% and a net margin of 4.44%. The firm had revenue of C$660.58 million for the quarter, compared to analysts' expectations of C$677.10 million. Equities analysts anticipate that Exchange Income will post 3.9962963 earnings per share for the current year.

Exchange Income Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be paid a dividend of $0.22 per share. This represents a $2.64 annualized dividend and a yield of 4.80%. The ex-dividend date is 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.