Exchange Income (TSE:EIF) Sets New 12-Month High – Here’s Why

Exchange Income Co. (TSE:EIF) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$57.30 and last traded at C$56.87, with a volume of 189515 shares trading hands. The stock had previously closed at C$56.62.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Royal Bank of Canada increased their price target on Exchange Income from C$65.00 to C$71.00 in a research note on Thursday, November 14th. TD Securities cut their target price on shares of Exchange Income from C$69.00 to C$67.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. CIBC boosted their price target on shares of 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. Ventum Financial set a C$74.00 price objective on shares of Exchange Income and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, National Bankshares boosted their target price on shares of Exchange Income from C$61.00 to C$68.00 in a report on Monday, November 11th. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Exchange Income presently has an average rating of “Buy” and a consensus target price of C$68.28.

Exchange Income Stock Up 0.4 %

The company has a fifty day moving average price of C$53.78 and a 200 day moving average price of C$49.25. The company has a market cap of C$2.70 billion, a PE ratio of 23.37, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04. The company has a debt-to-equity ratio of 171.03, a current ratio of 1.77 and a quick ratio of 1.13.

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 paid a $0.22 dividend. This represents a $2.64 annualized dividend and a yield of 4.64%. The ex-dividend date of this dividend was Thursday, October 31st. Exchange Income’s dividend payout ratio is currently 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.