Exchange Income Co. (TSE:EIF) Receives C$69.00 Average Target Price from Analysts

Exchange Income Co. (TSE:EIF) has been given an average recommendation of “Buy” by the eight ratings firms that are covering the company, Marketbeat.com reports. Six equities research 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 target among analysts that have covered the stock in the last year is C$69.00.

A number of brokerages recently issued reports on EIF. CIBC boosted their price target on Exchange Income from C$66.00 to C$69.00 in a report on Wednesday, December 4th. TD Securities lowered their price target on Exchange Income from C$69.00 to C$67.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Canaccord Genuity Group boosted their price target on Exchange Income from C$70.00 to C$72.00 in a report on Tuesday, November 12th. National Bankshares boosted their price target on Exchange Income from C$61.00 to C$68.00 in a report on Monday, November 11th. Finally, Ventum Financial set a C$74.00 price target on Exchange Income and gave the company a “buy” rating in a report on Tuesday, November 5th.

Exchange Income Trading Down 2.1 %

EIF opened at C$57.19 on Monday. The stock has a market cap of C$2.72 billion, a price-to-earnings ratio of 23.63, a P/E/G ratio of 1.42 and a beta of 2.04. The stock’s 50 day moving average price is C$56.41 and its 200-day moving average price is C$51.63. Exchange Income has a one year low of C$43.08 and a one year high of C$59.32. The company has a debt-to-equity ratio of 171.03, a quick ratio of 1.13 and a current ratio of 1.77.

Exchange Income Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were issued a dividend of $0.22 per share. The ex-dividend date was Thursday, October 31st. This represents a $2.64 annualized dividend and a dividend yield of 4.62%. Exchange Income’s dividend payout ratio is presently 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.