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

Exchange Income Co. (TSE:EIF) has received a consensus recommendation of “Buy” from the eight ratings firms that are presently covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$69.00.

Several brokerages have recently commented on EIF. 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 report on Wednesday, October 23rd. Canaccord Genuity Group increased their price target on shares of Exchange Income from C$70.00 to C$72.00 in a research report on Tuesday, November 12th. CIBC boosted their price objective on shares of Exchange Income from C$66.00 to C$69.00 in a report on Wednesday, December 4th. Ventum Cap Mkts raised shares of Exchange Income to a “strong-buy” rating in a report on Tuesday, November 5th. Finally, Royal Bank of Canada lifted their target price on shares of Exchange Income from C$65.00 to C$71.00 in a research report on Thursday, November 14th.

Exchange Income Stock Up 0.3 %

EIF opened at C$58.36 on Monday. The business’s fifty day simple moving average is C$56.27 and its 200 day simple moving average is C$51.37. Exchange Income has a 52 week low of C$43.08 and a 52 week high of C$59.32. 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 stock has a market cap of C$2.77 billion, a PE ratio of 24.12, a P/E/G ratio of 1.42 and a beta of 2.04.

Exchange Income Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were issued a dividend of $0.22 per share. 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 4.52%. 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.