Exchange Income (TSE:EIF) Reaches New 52-Week High – Here’s What Happened

Exchange Income Co. (TSE:EIF)’s share price reached a new 52-week high on Tuesday . The stock traded as high as C$57.30 and last traded at C$56.87, with a volume of 189515 shares traded. The stock had previously closed at C$56.62.

Wall Street Analyst Weigh In

EIF has been the subject of several analyst reports. ATB Capital increased their price objective on shares of Exchange Income from C$66.00 to C$67.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. TD Securities cut their price target on shares of Exchange Income from C$69.00 to C$67.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Canaccord Genuity Group raised their price objective on shares of Exchange Income from C$70.00 to C$72.00 in a report on Tuesday, November 12th. CIBC lifted their price objective on shares of Exchange Income from C$61.50 to C$62.50 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Finally, Ventum Cap Mkts raised shares of Exchange Income to a “strong-buy” rating in a research report on Tuesday, November 5th. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$68.28.

Exchange Income Price Performance

The stock has a market cap of C$2.71 billion, a P/E ratio of 23.49, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04. The company has a quick ratio of 1.13, a current ratio of 1.77 and a debt-to-equity ratio of 171.03. The business’s 50-day simple moving average is C$54.09 and its two-hundred day simple moving average is C$49.36.

Exchange Income Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were issued a $0.22 dividend. This represents a $2.64 annualized dividend and a yield of 4.63%. The ex-dividend date was Thursday, October 31st. Exchange Income’s dividend payout ratio (DPR) is presently 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.