Ventum Cap Mkts Upgrades Exchange Income (TSE:EIF) to “Strong-Buy”

Ventum Cap Mkts upgraded shares of Exchange Income (TSE:EIF) to a strong-buy rating in a research report sent to investors on Tuesday morning,Zacks.com reports.

A number of other equities analysts also recently weighed in on EIF. ATB Capital boosted their target price on shares of Exchange Income from C$66.00 to C$67.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Canaccord Genuity Group raised their target price on shares of Exchange Income from C$68.00 to C$70.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Ventum Financial set a C$74.00 price objective on Exchange Income and gave the company a “buy” rating in a research report on Tuesday. CIBC increased their price target on Exchange Income from C$61.50 to C$62.50 and gave the company an “outperform” rating in a research note on Monday, August 12th. Finally, TD Securities reduced their price objective 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. Eight investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of C$66.15.

Exchange Income Stock Down 0.0 %

Shares of Exchange Income stock opened at C$55.87 on Tuesday. Exchange Income has a 52-week low of C$42.83 and a 52-week high of C$57.69. 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 business’s 50 day simple moving average is C$52.39 and its 200 day simple moving average is C$48.56. The firm has a market cap of C$2.65 billion, a PE ratio of 23.09, a P/E/G ratio of 1.42 and a beta of 2.04.

Exchange Income (TSE:EIF) last issued 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 firm had revenue of C$660.58 million for the quarter, compared to analyst estimates of C$677.10 million. On average, analysts predict that Exchange Income will post 3.9962963 earnings per share for the current fiscal year.

Exchange Income Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be issued a dividend of $0.22 per share. This represents a $2.64 annualized dividend and a dividend yield of 4.73%. The ex-dividend date is Thursday, October 31st. Exchange Income’s dividend payout ratio (DPR) is 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.