Exchange Income Co. (TSE:EIF) Receives Consensus Recommendation of “Buy” from Analysts

Exchange Income Co. (TSE:EIF) has received a consensus recommendation of “Buy” from the eight ratings firms that are covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$69.00.

EIF has been the topic of a number of research analyst reports. TD Securities reduced their price target on 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. Royal Bank of Canada boosted their price target on Exchange Income from C$65.00 to C$71.00 in a report on Thursday, November 14th. Ventum Financial set a C$74.00 target price on Exchange Income and gave the stock a “buy” rating in a report on Tuesday, November 5th. Ventum Cap Mkts upgraded Exchange Income to a “strong-buy” rating in a research note on Tuesday, November 5th. Finally, Canaccord Genuity Group upped their price target on Exchange Income from C$70.00 to C$72.00 in a research note on Tuesday, November 12th.

Exchange Income Trading Down 2.0 %

TSE EIF opened at C$56.46 on Monday. Exchange Income has a 1-year low of C$43.08 and a 1-year high of C$59.32. The company has a current ratio of 1.77, a quick ratio of 1.13 and a debt-to-equity ratio of 171.03. The stock has a 50-day moving average of C$56.51 and a 200-day moving average of C$51.71. The firm has a market cap of C$2.68 billion, a PE ratio of 23.33, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04.

Exchange Income Announces Dividend

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