Exchange Income (TSE:EIF) Shares Cross Above Two Hundred Day Moving Average of $51.94

Exchange Income Co. (TSE:EIF – Get Rating) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$51.94 and traded as high as C$55.10. Exchange Income shares last traded at C$54.73, with a volume of 86,144 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on EIF shares. Royal Bank of Canada upped their target price on shares of Exchange Income from C$59.00 to C$60.00 and gave the company an “outperform” rating in a research note on Friday, February 24th. National Bankshares upped their target price on shares of Exchange Income from C$65.00 to C$67.00 and gave the company an “outperform” rating in a research note on Tuesday, April 25th. Scotiabank upped their target price on shares of Exchange Income from C$64.00 to C$65.00 in a research note on Monday, March 27th. CIBC upped their price objective on shares of Exchange Income from C$59.00 to C$62.00 in a research note on Monday, May 1st. Finally, Canaccord Genuity Group upped their price objective on shares of Exchange Income from C$64.00 to C$66.00 in a research note on Thursday, April 27th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$64.67.

Exchange Income Trading Up 0.1 %

The firm has a market cap of C$2.32 billion, a P/E ratio of 19.97, a P/E/G ratio of 1.42 and a beta of 2.11. The business’s 50-day moving average is C$53.18 and its two-hundred day moving average is C$51.94. The company has a debt-to-equity ratio of 174.66, a current ratio of 1.80 and a quick ratio of 1.13.

Exchange Income (TSE:EIF – Get Rating) last announced its quarterly earnings data on Wednesday, February 22nd. The company reported C$0.76 EPS for the quarter, beating analysts’ consensus estimates of C$0.72 by C$0.04. The firm had revenue of C$543.36 million during the quarter, compared to the consensus estimate of C$491.55 million. As a group, analysts predict that Exchange Income Co. will post 3.4371795 earnings per share for the current fiscal year.

Exchange Income Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Wednesday, May 31st will be paid a dividend of $0.21 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 4.60%. The ex-dividend date of this dividend is Tuesday, May 30th. Exchange Income’s dividend payout ratio is presently 91.97%.

Exchange Income Company Profile

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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.