Exchange Income (TSE:EIF) Price Target Increased to C$68.00 by Analysts at Canaccord Genuity Group

Exchange Income (TSE:EIF) had its target price lifted by Canaccord Genuity Group from C$66.00 to C$68.00 in a research note published on Monday morning, BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.

Exchange Income Stock Performance

Shares of EIF opened at C$48.05 on Monday. The firm has a market cap of C$2.28 billion, a price-to-earnings ratio of 19.83, a price-to-earnings-growth 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$50.10. The company’s fifty day moving average is C$46.18 and its 200-day moving average is C$46.92. 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 Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were paid a $0.22 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 5.49%. The ex-dividend date was Wednesday, July 31st. 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.