Exchange Income (TSE:EIF – Free Report) 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.
View Our Latest Stock Analysis on Exchange Income
Exchange Income Trading Up 2.2 %
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.
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