Exchange Income Co. (TSE:EIF) Receives C$65.28 Average Price Target from Analysts

Exchange Income Co. (TSE:EIF - Get Free Report) has been assigned an average rating of "Buy" from the eight brokerages that are covering the firm, MarketBeat reports. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$65.28.

A number of brokerages recently weighed in on EIF. Canaccord Genuity Group lifted their price objective 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 raised their price target on Exchange Income from C$61.50 to C$62.50 and gave the company an "outperform" rating in a research note on Monday, August 12th. TD Securities boosted their price target 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. Finally, ATB Capital boosted 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.

Exchange Income Stock Performance

Shares of EIF stock traded down C$0.37 during trading hours on Friday, reaching C$51.40. 78,500 shares of the company traded hands, compared to its average volume of 80,426. The company has a market cap of C$2.44 billion, a P/E ratio of 21.24, a P/E/G ratio of 1.42 and a beta of 2.04. Exchange Income has a 12-month low of C$42.05 and a 12-month high of C$51.99. The firm has a 50-day moving average price of C$48.89 and a 200 day moving average price of C$47.38. The company has a debt-to-equity ratio of 171.03, a current ratio of 1.77 and a quick ratio of 1.13.

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

Exchange Income Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th will be paid a $0.22 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 5.14%. The ex-dividend date of this dividend is Friday, September 27th. Exchange Income's dividend payout ratio (DPR) 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.