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

Exchange Income Co. (TSE:EIF) has earned an average rating of “Buy” from the eight analysts that are currently covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$65.28.

Several equities analysts recently issued reports on the company. CIBC raised their price objective on Exchange Income from C$61.50 to C$62.50 and gave the stock an “outperform” rating in a research note on Monday, August 12th. TD Securities increased their target price on Exchange Income from C$65.00 to C$69.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. ATB Capital increased 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. Finally, Canaccord Genuity Group increased their target price on Exchange Income from C$66.00 to C$68.00 and gave the stock a “buy” rating in a research report on Monday, August 12th.

Exchange Income Stock Performance

Shares of EIF opened at C$48.69 on Tuesday. The business’s fifty day moving average price is C$47.78 and its 200 day moving average price is C$47.23. Exchange Income has a 12-month low of C$42.05 and a 12-month high of C$49.98. The stock has a market capitalization of C$2.31 billion, a PE ratio of 20.12, 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.

Exchange Income (TSE:EIF) last announced its quarterly earnings data on Thursday, August 8th. The company reported C$0.80 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of C$660.58 million for the quarter, compared to analysts’ expectations of C$677.10 million. Equities research analysts forecast that Exchange Income will post 3.995 EPS for the current year.

Exchange Income Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.22 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 5.42%. The ex-dividend date of this dividend is Friday, August 30th. Exchange Income’s dividend payout ratio (DPR) is 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.