Exchange Income (TSE:EIF) PT Lowered to C$67.00 at TD Securities

Exchange Income (TSE:EIF) had its price objective reduced by TD Securities from C$69.00 to C$67.00 in a research report sent to investors on Wednesday, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

A number of other analysts also recently issued reports on EIF. CIBC lifted their target price on Exchange Income from C$61.50 to C$62.50 and gave the company an “outperform” rating in a research report on Monday, August 12th. ATB Capital boosted their price target on Exchange Income from C$66.00 to C$67.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Finally, Canaccord Genuity Group increased their price objective on Exchange Income from C$68.00 to C$70.00 and gave the company a “buy” rating in a report on Wednesday. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$65.28.

Exchange Income Price Performance

Shares of EIF opened at C$54.75 on Wednesday. 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 twelve month low of C$42.05 and a twelve month high of C$56.59. The stock has a market capitalization of C$2.60 billion, a P/E ratio of 22.62, a P/E/G ratio of 1.42 and a beta of 2.04. The company has a 50 day moving average of C$51.29 and a 200-day moving average of C$48.08.

Exchange Income (TSE:EIF) last released its earnings results on Thursday, August 8th. The company reported C$0.80 earnings per share for the quarter, beating 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 business had revenue of C$660.58 million during the quarter, compared to the consensus estimate of C$677.10 million. As a group, equities research analysts forecast that Exchange Income will post 3.9962963 EPS for the current fiscal year.

Exchange Income Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be paid a $0.22 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date is Thursday, October 31st. Exchange Income’s dividend payout ratio (DPR) is presently 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.