Exchange Income (TSE:EIF) Hits New 1-Year High - Here's Why

Shares of Exchange Income Co. (TSE:EIF - Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as C$54.87 and last traded at C$54.87, with a volume of 66985 shares trading hands. The stock had previously closed at C$53.95.

Analysts Set New Price Targets

Several research firms have weighed in on EIF. Canaccord Genuity Group increased their price target on shares of Exchange Income from C$66.00 to C$68.00 and gave the company a "buy" rating in a report on Monday, August 12th. CIBC lifted their price target on Exchange Income from C$61.50 to C$62.50 and gave the stock an "outperform" rating in a report on Monday, August 12th. ATB Capital boosted their price target on Exchange Income from C$66.00 to C$67.00 and gave the company an "outperform" rating in a research note on Monday, August 12th. Finally, TD Securities increased their price objective on Exchange Income from C$65.00 to C$69.00 and gave the stock a "buy" rating in a research report on Monday, August 12th. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of C$65.28.

Exchange Income Stock Performance

The stock has a market capitalization of C$2.61 billion, a price-to-earnings ratio of 22.69, a PEG ratio of 1.42 and a beta of 2.04. The company's 50-day simple moving average is C$49.78 and its 200-day simple moving average is C$47.67. 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 (TSE:EIF - Get Free Report) last issued 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 company had revenue of C$660.58 million during the quarter, compared to analysts' expectations of C$677.10 million. On average, analysts expect that Exchange Income Co. will post 3.9962963 EPS for the current year.

Exchange Income Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 27th will be given a dividend of $0.22 per share. The ex-dividend date is Friday, September 27th. This represents a $2.64 annualized dividend and a dividend yield of 4.81%. 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.

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