Exchange Income Co. (TSE:EIF) – Research analysts at Raymond James upped their FY2020 earnings estimates for shares of Exchange Income in a research report issued on Monday, November 11th. Raymond James analyst S. Hansen now anticipates that the company will post earnings of $3.24 per share for the year, up from their prior estimate of $3.19. Raymond James currently has a “Strong-Buy” rating and a $55.00 target price on the stock.
A number of other analysts have also issued reports on EIF. Royal Bank of Canada boosted their price target on shares of Exchange Income from C$40.00 to C$43.00 and gave the stock a “sector perform” rating in a research note on Monday. National Bank Financial reiterated an “outperform” rating and set a C$47.00 price target on shares of Exchange Income in a research note on Tuesday, October 29th. Canaccord Genuity boosted their price objective on Exchange Income from C$44.00 to C$45.00 in a research report on Monday. AltaCorp Capital boosted their price objective on Exchange Income from C$51.00 to C$52.00 in a research report on Monday. Finally, TD Securities boosted their price objective on Exchange Income from C$46.00 to C$47.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Exchange Income has a consensus rating of “Buy” and an average target price of C$46.28.
TSE:EIF traded up C$0.76 on Tuesday, reaching C$42.84. 67,518 shares of the company’s stock were exchanged, compared to its average volume of 90,321. The company has a quick ratio of 1.18, a current ratio of 2.25 and a debt-to-equity ratio of 184.79. The firm has a market capitalization of $1.45 billion and a price-to-earnings ratio of 19.31. The business has a fifty day moving average of C$39.28 and a 200-day moving average of C$37.97. Exchange Income has a 52-week low of C$25.58 and a 52-week high of C$43.02.
The business also recently disclosed a monthly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.19 per share. The ex-dividend date was Friday, September 27th. This is an increase from Exchange Income’s previous monthly dividend of $0.18. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.32%. Exchange Income’s payout ratio is currently 99.59%.
About Exchange Income
Exchange Income Corporation engages in aerospace and aviation services and equipment, and manufacturing businesses worldwide. It operates through two segments, Aerospace & Aviation, and Manufacturing. The Aerospace & Aviation segment offers scheduled airline and charter services, and emergency medical services to communities located in Manitoba, Ontario, and Nunavut, as well as Newfoundland and Labrador, Quebec, New Brunswick, and Nova Scotia.
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