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

Shares of Exchange Income Co. (TSE:EIF) have received a consensus rating of “Buy” from the eight brokerages that are presently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$69.00.

Several research analysts recently weighed in on EIF shares. CIBC increased their price objective on Exchange Income from C$66.00 to C$69.00 in a research report on Wednesday, December 4th. Ventum Cap Mkts upgraded shares of Exchange Income to a “strong-buy” rating in a research note on Tuesday, November 5th. Ventum Financial set a C$74.00 price objective on Exchange Income and gave the stock a “buy” rating in a report on Tuesday, November 5th. National Bankshares increased their target price on shares of Exchange Income from C$61.00 to C$68.00 in a report on Monday, November 11th. Finally, TD Securities dropped their price objective on Exchange Income from C$69.00 to C$67.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd.

Exchange Income Trading Down 2.0 %

Shares of TSE:EIF opened at C$56.46 on Monday. Exchange Income has a 1 year low of C$43.08 and a 1 year high of C$59.32. 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 business’s 50 day moving average price is C$56.55 and its 200-day moving average price is C$51.85. The firm has a market capitalization of C$2.68 billion, a price-to-earnings ratio of 23.33, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04.

Exchange Income Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a dividend of $0.22 per share. This represents a $2.64 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date of this dividend was Thursday, October 31st. 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.