Exchange Income (TSE:EIF) Shares Cross Above 200-Day Moving Average of $49.09

Exchange Income Co. (TSE:EIF – Get Rating) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$49.09 and traded as high as C$50.58. Exchange Income shares last traded at C$50.32, with a volume of 112,493 shares trading hands.

Analysts Set New Price Targets

EIF has been the topic of a number of recent research reports. National Bankshares dropped their price objective on shares of Exchange Income from C$67.00 to C$65.00 and set an “outperform” rating on the stock in a research note on Friday, February 24th. ATB Capital increased their price objective on shares of Exchange Income from C$65.00 to C$66.00 in a research note on Friday, February 24th. TD Securities raised their target price on shares of Exchange Income from C$63.00 to C$65.00 and gave the company a “buy” rating in a research note on Monday, November 14th. CIBC lowered their target price on shares of Exchange Income from C$60.00 to C$59.00 and set an “outperform” rating for the company in a research note on Friday, February 24th. Finally, Scotiabank raised their target price on shares of Exchange Income from C$60.00 to C$64.00 in a research note on Monday, January 23rd. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$62.67.

Exchange Income Stock Up 0.3 %

The company’s 50 day moving average price is C$53.14 and its 200 day moving average price is C$49.09. The company has a quick ratio of 1.13, a current ratio of 1.80 and a debt-to-equity ratio of 174.66. The firm has a market capitalization of C$2.14 billion, a price-to-earnings ratio of 19.06, a P/E/G ratio of 1.42 and a beta of 2.11.

Exchange Income Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Tuesday, February 28th will be paid a dividend of $0.21 per share. The ex-dividend date is Monday, February 27th. This represents a $2.52 annualized dividend and a dividend yield of 5.01%. Exchange Income’s payout ratio is currently 95.45%.

About Exchange Income

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