Exchange Income (TSE:EIF) Sets New 1-Year High – Still a Buy?

Exchange Income Co. (TSE:EIF)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as C$59.26 and last traded at C$59.08, with a volume of 58595 shares trading hands. The stock had previously closed at C$58.95.

Analysts Set New Price Targets

EIF has been the topic of several research analyst reports. CIBC boosted their target price on Exchange Income from C$66.00 to C$69.00 in a research note on Wednesday, December 4th. TD Securities cut their target price on 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. Royal Bank of Canada lifted their price objective on Exchange Income from C$65.00 to C$71.00 in a report on Thursday, November 14th. Finally, National Bankshares increased their target price on Exchange Income from C$61.00 to C$68.00 in a report on Monday, November 11th. Six equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Exchange Income currently has an average rating of “Buy” and a consensus target price of C$69.00.

Exchange Income Trading Down 0.0 %

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 company’s 50 day moving average price is C$56.01 and its two-hundred day moving average price is C$50.93. The firm has a market cap of C$2.80 billion, a PE ratio of 24.35, a P/E/G ratio of 1.42 and a beta of 2.04.

Exchange Income Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.48%. Exchange Income’s dividend 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.