Exchange Income (TSE:EIF) Price Target Raised to C$72.00 at Canaccord Genuity Group

Exchange Income (TSE:EIF) had its price objective increased by Canaccord Genuity Group from C$70.00 to C$72.00 in a report published on Tuesday,BayStreet.CA reports.

Several other analysts have also recently issued reports on EIF. Ventum Financial set a C$74.00 price objective on Exchange Income and gave the stock a “buy” rating in a report on Tuesday, November 5th. Ventum Cap Mkts upgraded shares of Exchange Income to a “strong-buy” rating in a research report on Tuesday, November 5th. CIBC lifted their price target on 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. National Bankshares upped their price objective on Exchange Income from C$61.00 to C$68.00 in a research report on Monday. Finally, TD Securities lowered their price objective on Exchange Income from C$69.00 to C$67.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Seven equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$68.28.

Exchange Income Stock Up 0.7 %

Shares of EIF opened at C$56.48 on Tuesday. Exchange Income has a 12-month low of C$43.08 and a 12-month high of C$57.69. The business’s 50 day moving average is C$52.92 and its 200 day moving average is C$48.82. 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 company has a market capitalization of C$2.68 billion, a PE ratio of 23.34, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04.

Exchange Income Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be paid a dividend of $0.22 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date is Thursday, October 31st. Exchange Income’s dividend payout ratio is currently 109.09%.

Exchange Income Company Profile

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.