Exchange Income (TSE:EIF) Reaches New 52-Week High – Should You Buy?

Exchange Income Co. (TSE:EIF) shares reached a new 52-week high on Monday . The stock traded as high as C$57.45 and last traded at C$57.55, with a volume of 62651 shares traded. The stock had previously closed at C$56.39.

Analyst Ratings Changes

A number of brokerages have issued reports on EIF. Ventum Financial set a C$74.00 target price on Exchange Income and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Royal Bank of Canada upped their price objective on shares of Exchange Income from C$65.00 to C$71.00 in a report on Thursday, November 14th. CIBC raised their target price on shares of Exchange Income from C$66.00 to C$69.00 in a research note on Wednesday, December 4th. National Bankshares boosted their target price on shares of Exchange Income from C$61.00 to C$68.00 in a research report on Monday, November 11th. Finally, Ventum Cap Mkts raised Exchange Income to a “strong-buy” rating in a research report on Tuesday, November 5th. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$69.00.

Exchange Income Price Performance

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 stock’s 50-day moving average price is C$55.74 and its 200 day moving average price is C$50.64. The firm has a market cap of C$2.79 billion, a price-to-earnings ratio of 24.25, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04.

Exchange Income Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a $0.22 dividend. The ex-dividend date was Thursday, October 31st. This represents a $2.64 annualized dividend and a yield of 4.50%. Exchange Income’s dividend payout ratio (DPR) is 109.09%.

About Exchange Income

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.