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

Exchange Income Co. (TSE:EIFGet 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:EIFGet 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

(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, Qu├ębec, New Brunswick, and Nova Scotia.

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