Exchange Income (TSE:EIF) Shares Cross Above 200-Day Moving Average of $47.23

Exchange Income Co. (TSE:EIF) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$47.23 and traded as high as C$49.00. Exchange Income shares last traded at C$48.99, with a volume of 43,019 shares.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Canaccord Genuity Group increased their target price on shares of Exchange Income from C$66.00 to C$68.00 and gave the company a “buy” rating in a report on Monday, August 12th. ATB Capital increased their target price on Exchange Income from C$66.00 to C$67.00 and gave the company an “outperform” rating in a report on Monday, August 12th. CIBC boosted their price objective 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. Finally, TD Securities upped their price target on shares of Exchange Income from C$65.00 to C$69.00 and gave the company a “buy” rating in a report on Monday, August 12th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$65.28.

Exchange Income Trading Up 0.6 %

The company has a quick ratio of 1.13, a current ratio of 1.77 and a debt-to-equity ratio of 171.03. The firm has a market cap of C$2.33 billion, a P/E ratio of 20.24, a PEG ratio of 1.42 and a beta of 2.04. The firm’s fifty day moving average is C$47.86 and its two-hundred day moving average is C$47.23.

Exchange Income (TSE:EIF) last announced its quarterly earnings results on Thursday, August 8th. The company reported C$0.80 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of C$660.58 million for the quarter, compared to analysts’ expectations of C$677.10 million. Analysts predict that Exchange Income Co. will post 3.995 earnings per share for the current fiscal year.

Exchange Income Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be paid a $0.22 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 5.39%. The ex-dividend date of this dividend is Friday, August 30th. Exchange Income’s 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.