Exchange Income Co. (TSE:EIF) Given Average Recommendation of “Buy” by Analysts

Exchange Income Co. (TSE:EIF) has received an average recommendation of “Buy” from the eight brokerages that are presently covering the company, MarketBeat reports. Seven research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$65.28.

A number of brokerages have issued reports on EIF. Canaccord Genuity Group lifted their price objective on Exchange Income from C$66.00 to C$68.00 and gave the company a “buy” rating in a research note on Monday. CIBC boosted their price target on Exchange Income from C$61.50 to C$62.50 and gave the stock an “outperform” rating in a research note on Monday. TD Securities boosted their price target on Exchange Income from C$65.00 to C$69.00 and gave the stock a “buy” rating in a research note on Monday. Finally, ATB Capital boosted their price target on Exchange Income from C$66.00 to C$67.00 and gave the stock an “outperform” rating in a research note on Monday.

Exchange Income Stock Down 0.3 %

Shares of TSE:EIF opened at C$46.60 on Friday. The stock has a fifty day simple moving average of C$46.13 and a two-hundred day simple moving average of C$46.91. The stock has a market capitalization of C$2.21 billion, a price-to-earnings ratio of 19.26, a PEG ratio of 1.42 and a beta of 2.04. Exchange Income has a 12-month low of C$42.05 and a 12-month high of C$50.64. The company has a current ratio of 1.77, a quick ratio of 1.13 and a debt-to-equity ratio of 171.03.

Exchange Income Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be issued a $0.22 dividend. This represents a $2.64 annualized dividend and a dividend yield of 5.67%. The ex-dividend date is Wednesday, July 31st. Exchange Income’s payout ratio is currently 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.