CIBC Issues Positive Forecast for Exchange Income (TSE:EIF) Stock Price

Exchange Income (TSE:EIF) had its price objective hoisted by CIBC from C$66.00 to C$69.00 in a research note released on Wednesday,BayStreet.CA reports.

A number of other equities analysts have also recently issued reports on the company. National Bankshares raised their target price on Exchange Income from C$61.00 to C$68.00 in a report on Monday, November 11th. Royal Bank of Canada raised their target price on Exchange Income from C$65.00 to C$71.00 in a report on Thursday, November 14th. Canaccord Genuity Group raised their target price on Exchange Income from C$70.00 to C$72.00 in a report on Tuesday, November 12th. Ventum Financial set a C$74.00 target price on Exchange Income and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, ATB Capital raised their target price on Exchange Income from C$66.00 to C$67.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Six 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.com, Exchange Income currently has an average rating of “Buy” and a consensus target price of C$69.00.

Exchange Income Price Performance

Shares of EIF opened at C$56.38 on Wednesday. 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 has a 1 year low of C$43.08 and a 1 year high of C$57.69. The stock has a market cap of C$2.68 billion, a P/E ratio of 23.30, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04. The stock’s 50-day moving average price is C$54.86 and its two-hundred day moving average price is C$49.79.

Exchange Income Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date was Thursday, October 31st. Exchange Income’s dividend payout ratio is presently 109.09%.

About Exchange Income

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.