Exchange Income (TSE:EIF – Free Report) had its price target decreased by TD Securities from C$69.00 to C$67.00 in a research report report published on Wednesday morning, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.
Several other equities analysts have also issued reports on the company. ATB Capital boosted their target price on Exchange Income from C$66.00 to C$67.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Canaccord Genuity Group boosted their price objective on shares of Exchange Income from C$68.00 to C$70.00 and gave the company a “buy” rating in a report on Wednesday. Finally, CIBC upped their target price on shares of Exchange Income from C$61.50 to C$62.50 and gave the company an “outperform” rating in a research note on Monday, August 12th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$65.28.
Read Our Latest Stock Analysis on Exchange Income
Exchange Income Trading Down 0.2 %
Exchange Income (TSE:EIF – Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported C$0.80 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.78 by C$0.02. Exchange Income had a return on equity of 9.38% and a net margin of 4.44%. The company had revenue of C$660.58 million for the quarter, compared to the consensus estimate of C$677.10 million. On average, sell-side analysts anticipate that Exchange Income will post 3.9962963 earnings per share for the current year.
Exchange Income Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be issued a $0.22 dividend. This represents a $2.64 annualized dividend and a dividend yield of 4.82%. The ex-dividend date of this dividend is 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.
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