Exchange Income Co. (TSE:EIF) Receives Average Recommendation of “Buy” from Brokerages

Exchange Income Co. (TSE:EIFGet Rating) has been given an average recommendation of “Buy” by the ten brokerages that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$61.44.

A number of analysts have recently issued reports on the company. Royal Bank of Canada cut their price objective on Exchange Income from C$61.00 to C$59.00 and set an “outperform” rating for the company in a research report on Monday, November 14th. Scotiabank increased their target price on Exchange Income from C$58.00 to C$60.00 in a research note on Monday, November 14th. Atb Cap Markets reiterated an “outperform” rating on shares of Exchange Income in a research note on Sunday, August 14th. CIBC raised their price objective on Exchange Income from C$56.50 to C$59.00 in a research note on Monday, August 15th. Finally, Cormark raised their price objective on Exchange Income from C$63.00 to C$64.00 in a research note on Friday, November 11th.

Exchange Income Stock Performance

EIF opened at C$47.44 on Wednesday. Exchange Income has a 12-month low of C$37.79 and a 12-month high of C$51.56. The stock has a market cap of C$2.01 billion and a price-to-earnings ratio of 18.11. The business has a 50 day moving average of C$45.22 and a 200-day moving average of C$45.39. The company has a quick ratio of 1.13, a current ratio of 2.03 and a debt-to-equity ratio of 175.76.

Exchange Income Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Wednesday, November 30th will be given a $0.21 dividend. This represents a $2.52 annualized dividend and a dividend yield of 5.31%. The ex-dividend date is Tuesday, November 29th. Exchange Income’s dividend payout ratio (DPR) is presently 96.18%.

About Exchange Income

(Get Rating)

Exchange Income Corporation engages in aerospace and aviation services and equipment, and manufacturing businesses worldwide. It operates in two segments, Aerospace & Aviation, and Manufacturing. The Aerospace & Aviation segment offers scheduled airline, cargo, charter, and emergency medical services to communities located in Manitoba, Ontario, Nunavut, British Columbia, and Alberta, as well as Newfoundland and Labrador, Québec, New Brunswick, and Nova Scotia.

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Analyst Recommendations for Exchange Income (TSE:EIF)

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