Exchange Income Co. (TSE:EIF) Given Consensus Rating of “Buy” by Brokerages

Shares of Exchange Income Co. (TSE:EIF) have been given an average recommendation of “Buy” by the eight brokerages that are currently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$68.28.

A number of research firms have recently commented on EIF. Canaccord Genuity Group upped their price objective on Exchange Income from C$70.00 to C$72.00 in a report on Tuesday, November 12th. CIBC upped their price target on Exchange Income from C$61.50 to C$62.50 and gave the stock an “outperform” rating in a research note on Monday, August 12th. TD Securities reduced their price objective on Exchange Income from C$69.00 to C$67.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Royal Bank of Canada boosted their price objective on shares of Exchange Income from C$65.00 to C$71.00 in a research note on Thursday. Finally, Ventum Financial set a C$74.00 target price on shares of Exchange Income and gave the company a “buy” rating in a research note on Tuesday, November 5th.

Exchange Income Stock Performance

Shares of EIF stock opened at C$56.16 on Friday. 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 firm has a market capitalization of C$2.67 billion, a price-to-earnings ratio of 23.21, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04. Exchange Income has a one year low of C$43.08 and a one year high of C$57.69. The company has a 50 day moving average price of C$53.05 and a 200 day moving average price of C$48.90.

Exchange Income Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were paid a $0.22 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $2.64 annualized dividend and a dividend yield of 4.70%. 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.