Exchange Income (TSE:EIF) had its price objective raised by Scotiabank from C$43.00 to C$45.00 in a research note released on Friday morning. They currently have an outperform rating on the stock.
Several other research firms have also recently issued reports on EIF. National Bank Financial raised their target price on shares of Exchange Income from C$43.00 to C$44.00 and gave the stock an outperform rating in a research report on Monday, November 27th. Canaccord Genuity raised their target price on shares of Exchange Income from C$42.00 to C$42.50 in a research report on Friday, November 17th. TD Securities raised their target price on shares of Exchange Income from C$45.00 to C$46.00 and gave the stock a buy rating in a research report on Friday. CIBC raised their target price on shares of Exchange Income from C$35.00 to C$37.50 and gave the stock a neutral rating in a research report on Friday, January 19th. Finally, Laurentian decreased their target price on shares of Exchange Income from C$48.00 to C$47.00 in a research report on Monday, November 13th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Buy and a consensus price target of C$44.11.
Shares of Exchange Income (EIF) traded up C$0.56 during midday trading on Friday, hitting C$34.74. 77,600 shares of the stock were exchanged, compared to its average volume of 77,234. The stock has a market capitalization of $1,090.00, a P/E ratio of 15.79 and a beta of 0.57. Exchange Income has a 1-year low of C$25.80 and a 1-year high of C$41.91.
The business also recently announced a monthly dividend, which was paid on Thursday, February 15th. Investors of record on Wednesday, January 31st were given a $0.175 dividend. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $2.10 annualized dividend and a dividend yield of 6.04%. Exchange Income’s dividend payout ratio is presently 95.11%.
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Exchange Income Company Profile
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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