Exchange Income Co. (TSE:EIF) Receives C$64.15 Average PT from Analysts

Exchange Income Co. (TSE:EIF) has been given a consensus recommendation of “Buy” by the eight ratings firms that are currently covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$64.15.

A number of brokerages have recently weighed in on EIF. ATB Capital boosted their price objective on shares of Exchange Income from C$60.00 to C$63.00 and gave the stock an “outperform” rating in a report on Monday, February 26th. TD Securities boosted their price objective on shares of Exchange Income from C$63.00 to C$65.00 and gave the stock a “buy” rating in a report on Monday, February 26th. CIBC boosted their price objective on shares of Exchange Income from C$58.00 to C$61.50 and gave the stock an “outperform” rating in a report on Tuesday, December 19th. Raymond James boosted their price objective on shares of Exchange Income from C$70.00 to C$73.00 and gave the stock a “strong-buy” rating in a report on Monday, February 26th. Finally, Canaccord Genuity Group boosted their price objective on shares of Exchange Income from C$63.00 to C$65.00 and gave the stock a “buy” rating in a report on Monday, February 26th.

Exchange Income Stock Performance

TSE:EIF opened at C$45.77 on Thursday. The business’s 50-day moving average price is C$48.10 and its two-hundred day moving average price is C$46.29. Exchange Income has a twelve month low of C$42.05 and a twelve month high of C$55.74. The stock has a market cap of C$2.16 billion, a P/E ratio of 17.27, a PEG ratio of 1.42 and a beta of 2.07. The company has a quick ratio of 1.13, a current ratio of 1.87 and a debt-to-equity ratio of 162.10.

Exchange Income (TSE:EIF) last released its quarterly earnings results on Thursday, February 22nd. The company reported C$0.70 earnings per share for the quarter, meeting the consensus estimate of C$0.70. Exchange Income had a return on equity of 10.80% and a net margin of 4.90%. The firm had revenue of C$656.68 million for the quarter, compared to analysts’ expectations of C$644.49 million. As a group, equities analysts predict that Exchange Income will post 3.1697987 EPS for the current fiscal year.

Exchange Income Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a $0.22 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 5.77%. The ex-dividend date of this dividend was Wednesday, March 27th. Exchange Income’s payout ratio is 99.62%.

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.