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

Shares of Exchange Income Co. (TSE:EIF) have received an average rating of “Buy” from the eight ratings firms that are covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$64.15.

EIF has been the topic of a number of analyst reports. ATB Capital upped their target price on Exchange Income from C$60.00 to C$63.00 and gave the company an “outperform” rating in a research note on Monday, February 26th. Scotiabank cut their target price on Exchange Income from C$62.00 to C$60.00 and set an “outperform” rating on the stock in a research note on Monday, January 22nd. TD Securities upped their target price on Exchange Income from C$63.00 to C$65.00 and gave the company a “buy” rating in a research note on Monday, February 26th. Canaccord Genuity Group upped their target price on Exchange Income from C$63.00 to C$65.00 and gave the company a “buy” rating in a research note on Monday, February 26th. Finally, Raymond James increased their price objective on Exchange Income from C$70.00 to C$73.00 and gave the stock a “strong-buy” rating in a research note on Monday, February 26th.

Exchange Income Trading Up 1.7 %

Shares of TSE EIF opened at C$46.30 on Thursday. The business’s 50 day moving average is C$48.07 and its two-hundred day moving average is C$46.29. The company has a debt-to-equity ratio of 162.10, a current ratio of 1.87 and a quick ratio of 1.13. Exchange Income has a 1-year low of C$42.05 and a 1-year high of C$55.74. The stock has a market capitalization of C$2.19 billion, a P/E ratio of 17.47, a PEG ratio of 1.42 and a beta of 2.07.

Exchange Income (TSE:EIF) last released its earnings results on Thursday, February 22nd. The company reported C$0.70 EPS for the quarter, meeting analysts’ consensus estimates of C$0.70. The firm had revenue of C$656.68 million for the quarter, compared to analysts’ expectations of C$644.49 million. Exchange Income had a return on equity of 10.80% and a net margin of 4.90%. As a group, research analysts expect that Exchange Income will post 3.1697987 EPS for the current year.

Exchange Income Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $2.64 dividend on an annualized basis and a yield of 5.70%. Exchange Income’s dividend payout ratio is currently 99.62%.

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.