Exchange Income Co. (TSE:EIF) Receives C$69.00 Average Price Target from Analysts

Exchange Income Co. (TSE:EIF) has earned an average rating of “Buy” from the eight analysts that are presently covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$69.00.

Several equities research analysts have recently issued reports on EIF shares. Royal Bank of Canada increased their target price on shares of Exchange Income from C$65.00 to C$71.00 in a research note on Thursday, November 14th. Canaccord Genuity Group raised their price target on shares of Exchange Income from C$70.00 to C$72.00 in a research note on Tuesday, November 12th. CIBC raised their price target on shares of Exchange Income from C$66.00 to C$69.00 in a research note on Wednesday, December 4th. TD Securities decreased their price target on shares of Exchange Income from C$69.00 to C$67.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Finally, Ventum Financial set a C$74.00 price target on shares of Exchange Income and gave the company a “buy” rating in a research note on Tuesday, November 5th.

Exchange Income Trading Down 0.7 %

EIF stock opened at C$54.93 on Thursday. The company’s 50-day simple moving average is C$55.32 and its 200-day simple moving average is C$50.14. The company has a quick ratio of 1.13, a current ratio of 1.77 and a debt-to-equity ratio of 171.03. Exchange Income has a 52-week low of C$43.08 and a 52-week high of C$57.69. The firm has a market cap of C$2.61 billion, a P/E ratio of 22.70, a PEG ratio of 1.42 and a beta of 2.04.

Exchange Income Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a $0.22 dividend. The ex-dividend date was Thursday, October 31st. This represents a $2.64 dividend on an annualized basis and a yield of 4.81%. 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.