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

Exchange Income (TSE:EIF) 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.

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

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, Québec, New Brunswick, and Nova Scotia.