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

Shares of Exchange Income Co. (TSE:EIFGet Free Report) 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.

Read Our Latest Stock Analysis on EIF

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

(Get Free Report

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.

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Analyst Recommendations for Exchange Income (TSE:EIF)

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