Exchange Income (TSE:EIF) Price Target Raised to C$72.00

Exchange Income (TSE:EIF) had its price target upped by Canaccord Genuity Group from C$70.00 to C$72.00 in a report published on Tuesday,BayStreet.CA reports.

A number of other analysts have also weighed in on the stock. Ventum Cap Mkts upgraded shares of Exchange Income to a “strong-buy” rating in a research note on Tuesday, November 5th. CIBC boosted their price objective on shares of Exchange Income from C$61.50 to C$62.50 and gave the stock an “outperform” rating in a report on Monday, August 12th. TD Securities cut their target price 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. Ventum Financial set a C$74.00 target price on Exchange Income and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, National Bankshares upped their price target on Exchange Income from C$61.00 to C$68.00 in a report on Monday. Seven 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, Exchange Income presently has a consensus rating of “Buy” and a consensus target price of C$68.28.

Exchange Income Trading Up 0.7 %

Exchange Income stock opened at C$56.48 on Tuesday. Exchange Income has a 12 month low of C$43.08 and a 12 month high of C$57.69. The company has a market capitalization of C$2.68 billion, a price-to-earnings ratio of 23.34, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04. The business’s fifty day simple moving average is C$52.92 and its two-hundred day simple moving average is C$48.82. The company has a current ratio of 1.77, a quick ratio of 1.13 and a debt-to-equity ratio of 171.03.

Exchange Income Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be given a $0.22 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $2.64 annualized dividend and a yield of 4.67%. Exchange Income’s payout ratio is presently 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.