Exchange Income Co. (TSE:EIF) Receives Consensus Rating of “Buy” from Analysts

Shares of Exchange Income Co. (TSE:EIF) have earned an average recommendation of “Buy” from the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating 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$65.28.

EIF has been the subject of several analyst reports. Canaccord Genuity Group raised their price target on shares of Exchange Income from C$66.00 to C$68.00 and gave the stock a “buy” rating in a report on Monday, August 12th. ATB Capital increased their target price on shares of Exchange Income from C$66.00 to C$67.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. CIBC upped their price objective on shares of Exchange Income from C$61.50 to C$62.50 and gave the company an “outperform” rating in a report on Monday, August 12th. Finally, TD Securities raised their target price on Exchange Income from C$65.00 to C$69.00 and gave the company a “buy” rating in a research note on Monday, August 12th.

Exchange Income Trading Up 0.1 %

Shares of Exchange Income stock opened at C$49.39 on Tuesday. The firm’s 50 day moving average is C$47.44 and its 200 day moving average is C$47.15. The firm has a market capitalization of C$2.35 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04. Exchange Income has a 1 year low of C$42.05 and a 1 year high of C$49.98. The company has a current ratio of 1.77, a quick ratio of 1.13 and a debt-to-equity ratio of 171.03.

Exchange Income (TSE:EIF) last issued its quarterly earnings data on Thursday, August 8th. The company reported C$0.80 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.78 by C$0.02. The business had revenue of C$660.58 million for the quarter, compared to analyst estimates of C$677.10 million. Exchange Income had a return on equity of 9.38% and a net margin of 4.44%. Equities research analysts forecast that Exchange Income will post 3.0725356 earnings per share for the current fiscal year.

Exchange Income Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be given a $0.22 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 5.35%. The ex-dividend date is Friday, August 30th. Exchange Income’s dividend payout ratio is currently 109.09%.

Exchange Income Company Profile

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.