Exchange Income (TSE:EIF) Price Target Cut to C$67.00

Exchange Income (TSE:EIF) had its target price decreased by TD Securities from C$69.00 to C$67.00 in a research note published on Wednesday morning, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

A number of other equities analysts have also commented on the stock. CIBC raised their price target on shares of Exchange Income from C$61.50 to C$62.50 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Canaccord Genuity Group raised their target price on shares of Exchange Income from C$68.00 to C$70.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, ATB Capital lifted 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. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$65.28.

Exchange Income Price Performance

Exchange Income stock opened at C$54.75 on Wednesday. The company has a market capitalization of C$2.60 billion, a price-to-earnings ratio of 22.62, a PEG ratio of 1.42 and a beta of 2.04. The company has a current ratio of 1.77, a quick ratio of 1.13 and a debt-to-equity ratio of 171.03. Exchange Income has a 12 month low of C$42.05 and a 12 month high of C$56.59. The stock’s 50 day moving average is C$51.29 and its 200-day moving average is C$48.08.

Exchange Income (TSE:EIF) last issued its quarterly earnings data on Thursday, August 8th. The company reported C$0.80 EPS for the quarter, beating analysts’ consensus estimates 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. Equities research analysts expect that Exchange Income will post 3.9962963 EPS for the current year.

Exchange Income Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $2.64 dividend on an annualized basis and a yield of 4.82%. 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.