Brokerages Set Exchange Income Co. (TSE:EIF) Price Target at C$69.00

Shares of Exchange Income Co. (TSE:EIF) have earned an average recommendation of “Buy” from the eight ratings firms that are currently covering the firm, MarketBeat Ratings 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 target price among analysts that have issued ratings on the stock in the last year is C$69.00.

Several research analysts have issued reports on EIF shares. Ventum Cap Mkts upgraded Exchange Income to a “strong-buy” rating in a research report on Tuesday, November 5th. National Bankshares raised their price objective on shares of Exchange Income from C$61.00 to C$68.00 in a research note on Monday, November 11th. CIBC increased their target price on shares of Exchange Income from C$66.00 to C$69.00 in a report on Wednesday, December 4th. Royal Bank of Canada boosted their price target on Exchange Income from C$65.00 to C$71.00 in a research note on Thursday, November 14th. Finally, Canaccord Genuity Group upped their price target on Exchange Income from C$70.00 to C$72.00 in a report on Tuesday, November 12th.

Exchange Income Trading Up 1.6 %

Shares of Exchange Income stock opened at C$55.30 on Thursday. The company has a quick ratio of 1.13, a current ratio of 1.77 and a debt-to-equity ratio of 171.03. The firm has a market cap of C$2.63 billion, a price-to-earnings ratio of 22.85, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04. Exchange Income has a 52-week low of C$43.08 and a 52-week high of C$57.69. The company’s 50-day simple moving average is C$55.25 and its 200-day simple moving average is C$50.05.

Exchange Income Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were given a dividend of $0.22 per share. This represents a $2.64 annualized dividend and a yield of 4.77%. The ex-dividend date was Thursday, October 31st. Exchange Income’s payout ratio 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.