Exchange Income Co. (TSE:EIF) Receives C$65.28 Consensus Price Target from Analysts

Shares of Exchange Income Co. (TSE:EIF) have been assigned a consensus rating of “Buy” from the eight analysts that are currently covering the company, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$65.28.

A number of equities research analysts recently issued reports on EIF shares. CIBC raised 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. ATB Capital raised their price target on Exchange Income from C$66.00 to C$67.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. TD Securities raised their price target on Exchange Income from C$65.00 to C$69.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Finally, Canaccord Genuity Group raised their price target on Exchange Income from C$66.00 to C$68.00 and gave the stock a “buy” rating in a research note on Monday, August 12th.

Exchange Income Price Performance

TSE:EIF opened at C$54.30 on Friday. The firm has a market capitalization of C$2.58 billion, a price-to-earnings ratio of 22.44, a PEG ratio of 1.42 and a beta of 2.04. Exchange Income has a 1 year low of C$42.05 and a 1 year high of C$54.75. The business has a 50 day simple moving average of C$49.29 and a 200-day simple moving average of C$47.51. The company has a debt-to-equity ratio of 171.03, a current ratio of 1.77 and a quick ratio of 1.13.

Exchange Income (TSE:EIF) last issued its quarterly earnings results on Thursday, August 8th. The company reported C$0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.78 by C$0.02. Exchange Income had a return on equity of 9.38% and a net margin of 4.44%. The firm had revenue of C$660.58 million during the quarter, compared to analyst estimates of C$677.10 million. Equities analysts forecast that Exchange Income will post 3.993784 EPS for the current year.

Exchange Income Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th will be issued a $0.22 dividend. The ex-dividend date is Friday, September 27th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.86%. Exchange Income’s dividend 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.