Exchange Income (TSE:EIF) Hits New 1-Year High – Time to Buy?

Exchange Income Co. (TSE:EIF)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$57.30 and last traded at C$56.87, with a volume of 189515 shares trading hands. The stock had previously closed at C$56.62.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Royal Bank of Canada increased their target price on shares of Exchange Income from C$65.00 to C$71.00 in a report on Thursday, November 14th. National Bankshares boosted their price target on Exchange Income from C$61.00 to C$68.00 in a research note on Monday, November 11th. CIBC lifted their price objective 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. Ventum Financial set a C$74.00 price objective on shares of Exchange Income and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Finally, Canaccord Genuity Group increased their price target on Exchange Income from C$70.00 to C$72.00 in a report on Tuesday, November 12th. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$68.28.

Exchange Income Stock Up 0.4 %

The company has a market cap of C$2.70 billion, a P/E ratio of 23.37, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04. The stock has a fifty day moving average price of C$53.78 and a two-hundred day moving average price of C$49.25. 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 announced a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were paid a $0.22 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.64%. Exchange Income’s payout ratio 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.