Exchange Income (TSE:EIF) Price Target Cut to C$67.00 by Analysts at TD Securities

Exchange Income (TSE:EIF) 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.

Exchange Income Trading Down 0.2 %

EIF opened at C$54.75 on Wednesday. Exchange Income has a fifty-two week low of C$42.05 and a fifty-two week high of C$56.59. The company has a market cap of C$2.60 billion, a price-to-earnings ratio of 22.62, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04. The company has a debt-to-equity ratio of 171.03, a current ratio of 1.77 and a quick ratio of 1.13. The firm has a 50 day simple moving average of C$51.29 and a 200 day simple moving average of C$48.08.

Exchange Income (TSE:EIF) 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.