CIBC Raises Exchange Income (TSE:EIF) Price Target to C$62.50

Exchange Income (TSE:EIF) had its target price upped by CIBC from C$61.50 to C$62.50 in a research report report published on Monday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

EIF has been the subject of several other reports. ATB Capital boosted their price objective on shares of 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 upped their price target 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 given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Buy and an average price target of C$65.28.

Exchange Income Trading Up 2.2 %

TSE EIF opened at C$47.61 on Monday. The company has a market cap of C$2.26 billion, a P/E ratio of 19.67, a P/E/G ratio of 1.42 and a beta of 2.04. Exchange Income has a 12 month low of C$42.05 and a 12 month high of C$50.64. The company has a debt-to-equity ratio of 171.03, a current ratio of 1.77 and a quick ratio of 1.13. The company has a 50-day moving average of C$46.18 and a 200-day moving average of C$46.92.

Exchange Income Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be given a $0.22 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 5.55%. The ex-dividend date is Wednesday, July 31st. Exchange Income’s payout ratio is 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.