Exchange Income (TSE:EIF – Free Report) had its target price upped by CIBC from C$61.50 to C$62.50 in a report issued on Monday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.
Several other research firms have also weighed in on EIF. ATB Capital upped their price objective on Exchange Income from C$66.00 to C$67.00 and gave the company an outperform rating in a research note on Monday. Canaccord Genuity Group increased their price objective on Exchange Income from C$66.00 to C$68.00 and gave the stock a buy rating in a research note on Monday. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Buy and a consensus price target of C$65.28.
Check Out Our Latest Stock Report on Exchange Income
Exchange Income Price Performance
Exchange Income Dividend Announcement
The firm also recently announced a monthly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were issued a dividend of $0.22 per share. This represents a $2.64 annualized dividend and a dividend yield of 5.49%. The ex-dividend date was Wednesday, July 31st. Exchange Income’s payout ratio is presently 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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