Exchange Income (TSE:EIF) Stock Price Crosses Above 200 Day Moving Average of $46.37

Exchange Income Co. (TSE:EIF)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$46.37 and traded as high as C$46.92. Exchange Income shares last traded at C$46.79, with a volume of 40,338 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have commented on EIF shares. TD Securities raised their price target on shares of Exchange Income from C$63.00 to C$65.00 and gave the company a “buy” rating in a research note on Monday, February 26th. Canaccord Genuity Group raised their price target on shares of Exchange Income from C$63.00 to C$65.00 and gave the company a “buy” rating in a research note on Monday, February 26th. ATB Capital raised their price objective on shares of Exchange Income from C$60.00 to C$63.00 and gave the company an “outperform” rating in a research note on Monday, February 26th. Scotiabank lowered their price objective on shares of Exchange Income from C$62.00 to C$60.00 and set an “outperform” rating on the stock in a research note on Monday, January 22nd. Finally, Raymond James raised their price objective on shares of Exchange Income from C$70.00 to C$73.00 and gave the company a “strong-buy” rating in a research note on Monday, February 26th. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$64.15.

Exchange Income Stock Performance

The company has a quick ratio of 1.13, a current ratio of 1.87 and a debt-to-equity ratio of 162.10. The stock has a market cap of C$2.21 billion, a price-to-earnings ratio of 17.66, a price-to-earnings-growth ratio of 1.42 and a beta of 2.07. The company’s 50-day simple moving average is C$48.08 and its 200-day simple moving average is C$46.37.

Exchange Income (TSE:EIF) last posted its quarterly earnings results on Thursday, February 22nd. The company reported C$0.70 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.70. The firm had revenue of C$656.68 million for the quarter, compared to analyst estimates of C$644.49 million. Exchange Income had a net margin of 4.90% and a return on equity of 10.80%. Analysts predict that Exchange Income Co. will post 3.1697987 EPS for the current fiscal year.

Exchange Income Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a $0.22 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $2.64 annualized dividend and a yield of 5.64%. Exchange Income’s dividend payout ratio (DPR) is 99.62%.

Exchange Income Company Profile

Exchange Income Corporation, together with its subsidiaries, engages in aerospace and aviation services and equipment, and manufacturing businesses worldwide. The company Aerospace & Aviation, and Manufacturing segments. The Aerospace & Aviation segment offers fixed wing and rotary wing, medevac, passenger, charter, freight, and auxiliary services; and operates two flight schools and trains pilots.