Exchange Income (TSE:EIF) Stock Passes Above 200-Day Moving Average of $42.69

Exchange Income Co. (TSE:EIFGet Rating) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$42.69 and traded as high as C$42.89. Exchange Income shares last traded at C$42.50, with a volume of 46,746 shares traded.

Several equities research analysts recently weighed in on the company. CIBC upgraded Exchange Income from a “neutral” rating to a “buy” rating and boosted their target price for the stock from C$47.00 to C$56.50 in a report on Friday, May 13th. ATB Capital upped their price target on Exchange Income from C$57.00 to C$60.00 in a report on Thursday, May 12th. Canaccord Genuity Group upped their price target on Exchange Income from C$52.00 to C$58.00 in a report on Thursday, May 12th. Scotiabank upgraded Exchange Income from a “sector perform” rating to a “buy” rating and upped their price target for the stock from C$47.00 to C$56.00 in a report on Wednesday, May 11th. Finally, TD Securities upped their price target on Exchange Income from C$49.00 to C$59.00 and gave the stock a “buy” rating in a report on Thursday, May 12th. Eight investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Exchange Income currently has a consensus rating of “Buy” and an average target price of C$55.86.

The company has a quick ratio of 1.04, a current ratio of 1.90 and a debt-to-equity ratio of 169.47. The stock has a market capitalization of C$1.65 billion and a P/E ratio of 25.49. The business has a 50-day simple moving average of C$43.71 and a two-hundred day simple moving average of C$42.69.

Exchange Income (TSE:EIFGet Rating) last posted its quarterly earnings data on Tuesday, May 10th. The company reported C$0.20 EPS for the quarter, topping analysts’ consensus estimates of C$0.10 by C$0.10. The business had revenue of C$400.23 million during the quarter, compared to analyst estimates of C$342.07 million. On average, sell-side analysts forecast that Exchange Income Co. will post 4.06 earnings per share for the current year.

The company also recently declared a monthly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Tuesday, May 31st were paid a dividend of $0.20 per share. This represents a $2.40 annualized dividend and a dividend yield of 5.65%. The ex-dividend date of this dividend was Monday, May 30th. This is a positive change from Exchange Income’s previous monthly dividend of $0.19. Exchange Income’s dividend payout ratio is 136.77%.

Exchange Income Company Profile (TSE:EIF)

Exchange Income Corporation engages in aerospace and aviation services and equipment, and manufacturing businesses worldwide. It operates through two segments, Aerospace & Aviation, and Manufacturing. The Aerospace & Aviation segment offers scheduled airline and charter services, and emergency medical services to communities located in Manitoba, Ontario, Nunavut, British Columbia, and Alberta, as well as Newfoundland and Labrador, Quebec, New Brunswick, and Nova Scotia.

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