Exchange Income (TSE:EIF) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Exchange Income Co. (TSE:EIF)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$50.25 and traded as high as C$56.00. Exchange Income shares last traded at C$55.50, with a volume of 121,797 shares.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on EIF shares. National Bankshares upped their price objective on Exchange Income from C$61.00 to C$68.00 in a research report on Monday, November 11th. Canaccord Genuity Group raised their price target on shares of Exchange Income from C$70.00 to C$72.00 in a research note on Tuesday, November 12th. Ventum Cap Mkts raised shares of Exchange Income to a “strong-buy” rating in a research report on Tuesday, November 5th. CIBC raised their target price on shares of Exchange Income from C$66.00 to C$69.00 in a research report on Wednesday, December 4th. Finally, Ventum Financial set a C$74.00 target price on shares of Exchange Income and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Six equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$69.00.

Exchange Income Price Performance

The company has a market capitalization of C$2.64 billion, a PE ratio of 22.93, a PEG ratio of 1.42 and a beta of 2.04. 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’s 50 day moving average price is C$55.47 and its 200-day moving average price is C$50.25.

Exchange Income Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date was Thursday, October 31st. Exchange Income’s dividend payout ratio (DPR) is presently 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.