Exchange Income (TSE:EIF) Share Price Crosses Above Two Hundred Day Moving Average of $47.23

Exchange Income Co. (TSE:EIF)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$47.23 and traded as high as C$49.00. Exchange Income shares last traded at C$48.99, with a volume of 43,019 shares trading hands.

Analyst Upgrades and Downgrades

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

Exchange Income Stock Performance

The company has a quick ratio of 1.13, a current ratio of 1.77 and a debt-to-equity ratio of 171.03. The stock has a market capitalization of C$2.36 billion, a PE ratio of 20.54, a PEG ratio of 1.42 and a beta of 2.04. The firm has a 50 day moving average price of C$47.94 and a 200-day moving average price of C$47.25.

Exchange Income (TSE:EIF) last posted its quarterly earnings results on Thursday, August 8th. The company reported C$0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of C$677.10 million. Research analysts expect that Exchange Income Co. will post 3.995 EPS for the current fiscal year.

Exchange Income Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be issued a $0.22 dividend. This represents a $2.64 annualized dividend and a yield of 5.31%. The ex-dividend date is Friday, August 30th. 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.