Exchange Income Co. (TSE:EIF) Receives C$69.00 Average PT from Brokerages

Shares of Exchange Income Co. (TSE:EIF) have earned an average recommendation of “Buy” from the eight research firms that are currently covering the company, Marketbeat reports. Six analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$69.00.

EIF has been the topic of several research analyst reports. CIBC boosted their target price on shares of Exchange Income from C$66.00 to C$69.00 in a research report on Wednesday, December 4th. TD Securities dropped their price objective 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. Ventum Financial set a C$74.00 target price on Exchange Income and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Ventum Cap Mkts raised Exchange Income to a “strong-buy” rating in a research report on Tuesday, November 5th. Finally, National Bankshares upped their price objective on shares of Exchange Income from C$61.00 to C$68.00 in a research report on Monday, November 11th.

Exchange Income Price Performance

Shares of EIF stock opened at C$56.46 on Monday. The firm has a market capitalization of C$2.68 billion, a price-to-earnings ratio of 23.33, a PEG ratio of 1.42 and a beta of 2.04. The company has a debt-to-equity ratio of 171.03, a quick ratio of 1.13 and a current ratio of 1.77. The stock’s 50-day simple moving average is C$56.51 and its 200-day simple moving average is C$51.71. Exchange Income has a fifty-two week low of C$43.08 and a fifty-two week high of C$59.32.

Exchange Income Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a dividend of $0.22 per share. This represents a $2.64 annualized dividend and a yield of 4.68%. The ex-dividend date of this dividend was Thursday, October 31st. Exchange Income’s payout ratio 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.