Exchange Income (TSE:EIF) Sets New 52-Week High – Time to Buy?

Exchange Income Co. (TSE:EIF)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as C$57.45 and last traded at C$57.55, with a volume of 62651 shares. The stock had previously closed at C$56.39.

Wall Street Analyst Weigh In

EIF has been the subject of a number of research reports. Canaccord Genuity Group increased their target price on Exchange Income from C$70.00 to C$72.00 in a research note on Tuesday, November 12th. Ventum Cap Mkts upgraded shares of Exchange Income to a “strong-buy” rating in a report on Tuesday, November 5th. National Bankshares increased their price target on shares of Exchange Income from C$61.00 to C$68.00 in a report on Monday, November 11th. Ventum Financial set a C$74.00 price target on Exchange Income and gave the company a “buy” rating in a research note on Tuesday, November 5th. Finally, TD Securities lowered 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. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$69.00.

Exchange Income Price Performance

The company has a debt-to-equity ratio of 171.03, a current ratio of 1.77 and a quick ratio of 1.13. The firm has a market cap of C$2.73 billion, a P/E ratio of 23.75, a PEG ratio of 1.42 and a beta of 2.04. The company’s 50-day moving average is C$55.55 and its two-hundred day moving average is C$50.44.

Exchange Income Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were given a dividend of $0.22 per share. The ex-dividend date was Thursday, October 31st. This represents a $2.64 annualized dividend and a yield of 4.59%. 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.