Exchange Income (TSE:EIF) Reaches New 12-Month High – Time to Buy?

Exchange Income Co. (TSE:EIF)’s share price reached a new 52-week high during 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. The stock had previously closed at C$56.62.

Wall Street Analysts Forecast Growth

EIF has been the subject of a number of recent analyst reports. CIBC increased 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 report on Monday, August 12th. ATB Capital upped their price objective on shares of Exchange Income from C$66.00 to C$67.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. Royal Bank of Canada boosted their target price on shares of Exchange Income from C$65.00 to C$71.00 in a report on Thursday, November 14th. TD Securities lowered their price objective on Exchange Income from C$69.00 to C$67.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Finally, Ventum Financial set a C$74.00 price objective on Exchange Income and gave the company a “buy” rating in a research note on Tuesday, November 5th. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$68.28.

Exchange Income Price Performance

The business has a 50-day moving average of C$54.09 and a 200 day moving average of C$49.36. The firm has a market capitalization of C$2.71 billion, a P/E ratio of 23.49, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04. 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 Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a $0.22 dividend. This represents a $2.64 annualized dividend and a yield of 4.63%. The ex-dividend date was Thursday, October 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.