Exchange Income Co. (TSE:EIF) has been given an average rating of “Buy” by the nine analysts that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$43.78.
A number of equities analysts have commented on EIF shares. Canaccord Genuity lifted their target price on Exchange Income from C$42.00 to C$42.50 in a research note on Friday, November 17th. Laurentian Bank of Canada decreased their target price on Exchange Income from C$48.00 to C$47.00 in a research note on Monday, November 13th. Laurentian decreased their target price on Exchange Income from C$48.00 to C$47.00 in a research note on Monday, November 13th. TD Securities lifted their target price on Exchange Income from C$42.00 to C$43.00 and gave the company a “buy” rating in a research note on Friday, October 6th. Finally, CIBC lifted their target price on Exchange Income from C$35.00 to C$37.50 and gave the company a “neutral” rating in a research note on Friday.
Shares of Exchange Income (EIF) traded up C$0.31 during mid-day trading on Tuesday, reaching C$34.06. The company’s stock had a trading volume of 48,700 shares, compared to its average volume of 75,515. Exchange Income has a 12 month low of C$25.80 and a 12 month high of C$42.29. The firm has a market capitalization of $1,060.00, a P/E ratio of 16.53 and a beta of 0.70.
Exchange Income (TSE:EIF) last issued its earnings results on Wednesday, November 8th. The company reported C$0.84 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.81 by C$0.03. Exchange Income had a return on equity of 17.22% and a net margin of 9.43%.
The firm also recently declared a monthly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be issued a dividend of $0.175 per share. The ex-dividend date is Tuesday, January 30th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 6.17%. Exchange Income’s dividend payout ratio (DPR) is presently 101.58%.
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About Exchange Income
Exchange Income Corporation is focused on opportunities in aerospace and aviation services and equipment, and manufacturing. The Company operates through two segments: Aviation and Manufacturing. The Aviation segment provides scheduled airline and charter service, and emergency medical services to communities located in Manitoba, Ontario and Nunavut.
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