Exchange Income (TSE:EIF) Given New C$63.00 Price Target at TD Securities

Exchange Income (TSE:EIFFree Report) had its price target reduced by TD Securities from C$65.00 to C$63.00 in a research report sent to investors on Monday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other equities research analysts also recently commented on EIF. Royal Bank of Canada reduced their target price on Exchange Income from C$71.00 to C$70.00 and set an outperform rating on the stock in a research report on Friday, October 6th. ATB Capital cut their price objective on Exchange Income from C$66.00 to C$60.00 and set an outperform rating on the stock in a report on Monday. CIBC cut their price objective on Exchange Income from C$67.00 to C$65.00 in a report on Monday, October 23rd. Scotiabank cut their price objective on Exchange Income from C$66.00 to C$62.00 and set an outperform rating on the stock in a report on Monday. Finally, Cormark cut their price objective on Exchange Income from C$66.00 to C$61.00 in a report on Friday. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Buy and a consensus price target of C$64.33.

View Our Latest Analysis on Exchange Income

Exchange Income Price Performance

TSE:EIF opened at C$43.96 on Monday. Exchange Income has a 52 week low of C$42.05 and a 52 week high of C$55.74. The company has a quick ratio of 1.13, a current ratio of 1.93 and a debt-to-equity ratio of 153.68. The company has a market capitalization of C$2.05 billion, a P/E ratio of 16.53, a P/E/G ratio of 1.42 and a beta of 2.06. The stock’s fifty day moving average is C$45.02 and its two-hundred day moving average is C$49.33.

Exchange Income Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, October 30th. This represents a $2.52 annualized dividend and a yield of 5.73%. Exchange Income’s dividend payout ratio (DPR) is 94.74%.

Exchange Income Company Profile

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Exchange Income Corporation, together with its subsidiaries, 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, Qu├ębec, New Brunswick, and Nova Scotia.

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Analyst Recommendations for Exchange Income (TSE:EIF)

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