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

Exchange Income Co. (TSE:EIF) has been given an average rating of “Buy” by the eight analysts that are covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$63.94.

Several equities research analysts recently commented on EIF shares. Canaccord Genuity Group boosted their price objective on shares of Exchange Income from C$63.00 to C$65.00 and gave the stock a “buy” rating in a research report on Monday, February 26th. ATB Capital increased their price target on shares of Exchange Income from C$60.00 to C$63.00 and gave the company an “outperform” rating in a research report on Monday, February 26th. Scotiabank cut their price objective on Exchange Income from C$62.00 to C$60.00 and set an “outperform” rating for the company in a research report on Monday, January 22nd. Raymond James increased their target price on Exchange Income from C$70.00 to C$73.00 and gave the company a “strong-buy” rating in a report on Monday, February 26th. Finally, TD Securities boosted their price target on Exchange Income from C$63.00 to C$65.00 and gave the stock a “buy” rating in a report on Monday, February 26th.

Exchange Income Stock Up 0.5 %

EIF stock opened at C$46.33 on Monday. The company has a current ratio of 1.87, a quick ratio of 1.13 and a debt-to-equity ratio of 162.10. The company’s 50-day moving average price is C$48.05 and its 200 day moving average price is C$46.45. Exchange Income has a 52 week low of C$42.05 and a 52 week high of C$55.41. The company has a market cap of C$2.19 billion, a P/E ratio of 17.48, a P/E/G ratio of 1.42 and a beta of 2.06.

Exchange Income (TSE:EIF) last released its quarterly earnings results on Thursday, February 22nd. The company reported C$0.70 earnings per share for the quarter, hitting analysts’ consensus estimates of C$0.70. The business had revenue of C$656.68 million for the quarter, compared to analysts’ expectations of C$644.49 million. Exchange Income had a return on equity of 10.80% and a net margin of 4.90%. On average, research analysts expect that Exchange Income will post 3.1618145 earnings per share for the current fiscal year.

Exchange Income Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be given a $0.22 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 5.70%. The ex-dividend date of this dividend is Monday, April 29th. Exchange Income’s dividend payout ratio is currently 99.62%.

About Exchange Income

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.