Royal Bank of Canada Forecasts Strong Price Appreciation for Exchange Income (TSE:EIF) Stock

Exchange Income (TSE:EIF) had its target price lifted by Royal Bank of Canada from C$65.00 to C$71.00 in a research report released on Thursday morning,BayStreet.CA reports.

Other equities analysts have also recently issued reports about the stock. ATB Capital lifted their price objective on shares of Exchange Income from C$66.00 to C$67.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Ventum Cap Mkts upgraded shares of Exchange Income to a “strong-buy” rating in a report on Tuesday, November 5th. CIBC boosted their price objective on shares of Exchange Income from C$61.50 to C$62.50 and gave the stock an “outperform” rating in a research note on Monday, August 12th. TD Securities decreased their price target on shares of 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. Finally, Canaccord Genuity Group boosted their target price on shares of Exchange Income from C$70.00 to C$72.00 in a research report on Tuesday, November 12th. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$68.28.

Exchange Income Stock Down 0.6 %

Shares of EIF stock opened at C$56.16 on Thursday. The company’s fifty day moving average price is C$53.05 and its 200-day moving average price is C$48.90. The company has a market capitalization of C$2.67 billion, a price-to-earnings ratio of 23.21, a PEG ratio of 1.42 and a beta of 2.04. Exchange Income has a one year low of C$43.08 and a one year high of C$57.69. The company has a debt-to-equity ratio of 171.03, a current ratio of 1.77 and a quick ratio of 1.13.

Exchange Income Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a $0.22 dividend. The ex-dividend date was Thursday, October 31st. This represents a $2.64 dividend on an annualized basis and a yield of 4.70%. 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.