Exchange Income Co. (TSE:EIF) Receives Consensus Rating of "Buy" from Analysts

Shares of Exchange Income Co. (TSE:EIF - Get Free Report) have earned a consensus rating of "Buy" from the eight ratings firms that are currently covering the stock, MarketBeat reports. Seven equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is C$65.28.

A number of brokerages have weighed in on EIF. Canaccord Genuity Group boosted their price target on Exchange Income from C$66.00 to C$68.00 and gave the stock a "buy" rating in a research report on Monday, August 12th. CIBC upped their target price on Exchange Income from C$61.50 to C$62.50 and gave the stock an "outperform" rating in a research report on Monday, August 12th. ATB Capital lifted their price target on shares of Exchange Income from C$66.00 to C$67.00 and gave the company an "outperform" rating in a research report on Monday, August 12th. Finally, TD Securities upped their price objective on shares of Exchange Income from C$65.00 to C$69.00 and gave the stock a "buy" rating in a report on Monday, August 12th.

Exchange Income Stock Up 0.5 %

Shares of Exchange Income stock opened at C$56.08 on Wednesday. The stock has a 50-day simple moving average of C$50.79 and a 200-day simple moving average of C$47.95. Exchange Income has a 52-week low of C$42.05 and a 52-week high of C$56.59. The firm has a market cap of C$2.66 billion, a price-to-earnings ratio of 23.17, a P/E/G ratio of 1.42 and a beta of 2.04. 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 EPS 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 analyst estimates of C$677.10 million. On average, equities research analysts expect that Exchange Income will post 3.9962963 earnings per share for the current fiscal year.

Exchange Income Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be issued a $0.22 dividend. This represents a $2.64 annualized dividend and a dividend yield of 4.71%. The ex-dividend date is Thursday, October 31st. Exchange Income's payout ratio is currently 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.