Brokerages Set Exchange Income Co. (TSE:EIF) Target Price at C$68.28

Exchange Income Co. (TSE:EIF) has earned an average rating of “Buy” from the eight ratings firms that are currently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$68.28.

EIF has been the topic of a number of research analyst reports. CIBC increased their price target on Exchange Income from C$61.50 to C$62.50 and gave the company an “outperform” rating in a research note on Monday, August 12th. Ventum Financial set a C$74.00 target price on shares of Exchange Income and gave the stock a “buy” rating in a research note on Tuesday, November 5th. TD Securities decreased 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 research note on Wednesday, October 23rd. Ventum Cap Mkts upgraded shares of Exchange Income to a “strong-buy” rating in a research report on Tuesday, November 5th. Finally, ATB Capital upped their target price on 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.

Exchange Income Price Performance

TSE:EIF opened at C$56.23 on Friday. Exchange Income has a 12-month low of C$43.08 and a 12-month high of C$57.69. The firm has a market capitalization of C$2.67 billion, a price-to-earnings ratio of 23.24, a P/E/G ratio of 1.42 and a beta of 2.04. The stock’s 50 day moving average price is C$53.62 and its two-hundred day moving average price is C$49.14. The company has a quick ratio of 1.13, a current ratio of 1.77 and a debt-to-equity ratio of 171.03.

Exchange Income Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were paid a $0.22 dividend. This represents a $2.64 annualized dividend and a dividend yield of 4.70%. The ex-dividend date of this dividend was Thursday, October 31st. Exchange Income’s dividend payout ratio (DPR) is currently 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.