Exchange Income Co. (TSE:EIF) Given Consensus Rating of “Buy” by Brokerages

Exchange Income Co. (TSE:EIF) has been assigned an average recommendation of “Buy” from the eight research firms that are presently covering the stock, MarketBeat reports. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is C$65.28.

Several research analysts have recently commented on EIF shares. Canaccord Genuity Group boosted their price target on Exchange Income from C$66.00 to C$68.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. ATB Capital increased their price target on shares of Exchange Income from C$66.00 to C$67.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. TD Securities raised their price target on shares of Exchange Income from C$65.00 to C$69.00 and gave the company a “buy” rating in a report on Monday, August 12th. Finally, CIBC boosted 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 note on Monday, August 12th.

Exchange Income Stock Performance

Exchange Income stock opened at C$47.94 on Tuesday. 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 company has a market capitalization of C$2.28 billion, a PE ratio of 19.81, a P/E/G ratio of 1.42 and a beta of 2.04. The company has a 50 day moving average price of C$47.71 and a 200-day moving average price of C$47.22. Exchange Income has a fifty-two week low of C$42.05 and a fifty-two week high of C$49.98.

Exchange Income (TSE:EIF) last announced its quarterly earnings results on Thursday, August 8th. The company reported C$0.80 EPS for the quarter, beating the consensus estimate of C$0.78 by C$0.02. Exchange Income had a return on equity of 9.38% and a net margin of 4.44%. The firm had revenue of C$660.58 million for the quarter, compared to analyst estimates of C$677.10 million. As a group, equities analysts forecast that Exchange Income will post 3.995 earnings per share for the current year.

Exchange Income Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be issued a dividend of $0.22 per share. This represents a $2.64 annualized dividend and a yield of 5.51%. The ex-dividend date of this dividend is Friday, August 30th. 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.