Exchange Income Co. (TSE:EIF) Receives Average Rating of “Buy” from Brokerages

Exchange Income Co. (TSE:EIF) has been assigned an average recommendation of “Buy” from the eight ratings firms that are currently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is C$69.00.

A number of brokerages have commented on EIF. National Bankshares increased their price target on shares of Exchange Income from C$61.00 to C$68.00 in a research report on Monday, November 11th. Canaccord Genuity Group upped their target price on Exchange Income from C$70.00 to C$72.00 in a report on Tuesday, November 12th. Ventum Cap Mkts upgraded shares of Exchange Income to a “strong-buy” rating in a report on Tuesday, November 5th. TD Securities dropped their target price on shares of Exchange Income from C$69.00 to C$67.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Finally, Ventum Financial set a C$74.00 price target on Exchange Income and gave the stock a “buy” rating in a research note on Tuesday, November 5th.

Exchange Income Trading Down 2.0 %

Exchange Income stock opened at C$56.46 on Monday. Exchange Income has a fifty-two week low of C$43.08 and a fifty-two week high of C$59.32. The company has a debt-to-equity ratio of 171.03, a quick ratio of 1.13 and a current ratio of 1.77. The stock has a market cap of C$2.68 billion, a P/E ratio of 23.33, a PEG ratio of 1.42 and a beta of 2.04. The firm’s fifty day moving average price is C$56.55 and its 200-day moving average price is C$51.85.

Exchange Income Announces Dividend

The company also recently announced 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 of this dividend was Thursday, October 31st. This represents a $2.64 dividend on an annualized basis and a yield of 4.68%. Exchange Income’s dividend payout ratio 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.