Analysts Set Exchange Income Co. (TSE:EIF) Target Price at C$63.94

Exchange Income Co. (TSE:EIF) has been given an average rating of “Buy” by the eight research firms that are presently covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$63.94.

Several research analysts recently commented on the stock. Raymond James lifted their target price on shares of Exchange Income from C$70.00 to C$73.00 and gave the stock a “strong-buy” rating in a report on Monday, February 26th. Canaccord Genuity Group lifted their target price on shares of Exchange Income from C$63.00 to C$65.00 and gave the stock a “buy” rating in a report on Monday, February 26th. ATB Capital raised their price target on shares of Exchange Income from C$60.00 to C$63.00 and gave the stock an “outperform” rating in a research report on Monday, February 26th. Scotiabank decreased their price target on shares of Exchange Income from C$62.00 to C$60.00 and set an “outperform” rating on the stock in a research report on Monday, January 22nd. Finally, TD Securities raised their price target on shares of Exchange Income from C$63.00 to C$65.00 and gave the stock a “buy” rating in a research report on Monday, February 26th.

Exchange Income Trading Up 0.1 %

Shares of TSE:EIF opened at C$46.44 on Monday. The firm has a market capitalization of C$2.19 billion, a P/E ratio of 17.52, a price-to-earnings-growth ratio of 1.42 and a beta of 2.06. The firm has a fifty day moving average of C$47.89 and a two-hundred day moving average of C$46.49. The company has a quick ratio of 1.13, a current ratio of 1.87 and a debt-to-equity ratio of 162.10. Exchange Income has a 12-month low of C$42.05 and a 12-month high of C$55.41.

Exchange Income (TSE:EIF) last released its quarterly earnings results on Thursday, February 22nd. The company reported C$0.70 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.70. The business had revenue of C$656.68 million for the quarter, compared to the consensus estimate of C$644.49 million. Exchange Income had a net margin of 4.90% and a return on equity of 10.80%. On average, equities analysts expect that Exchange Income will post 3.1618145 EPS for the current fiscal year.

Exchange Income Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be paid a dividend of $0.22 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 5.68%. The ex-dividend date is Monday, April 29th. Exchange Income’s dividend payout ratio (DPR) is 99.62%.

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.