Exchange Income (TSE:EIF) Reaches New 1-Year High at $51.16

Exchange Income Co. (TSE:EIF)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as C$51.16 and last traded at C$50.18, with a volume of 57746 shares trading hands. The stock had previously closed at C$50.69.

Wall Street Analysts Forecast Growth

EIF has been the subject of a number of research analyst reports. ATB Capital lifted their target price on Exchange Income from C$66.00 to C$67.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. TD Securities lifted their price objective on shares of Exchange Income from C$65.00 to C$69.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Canaccord Genuity Group increased their target price on shares of Exchange Income from C$66.00 to C$68.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Finally, CIBC upped their price objective on shares of Exchange Income from C$61.50 to C$62.50 and gave the company an “outperform” rating in a report on Monday, August 12th. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$65.28.

Exchange Income Trading Down 1.0 %

The company has a quick ratio of 1.13, a current ratio of 1.77 and a debt-to-equity ratio of 171.03. The company has a market capitalization of C$2.38 billion, a P/E ratio of 20.74, a P/E/G ratio of 1.42 and a beta of 2.04. The firm’s 50-day moving average price is C$48.34 and its 200 day moving average price is C$47.27.

Exchange Income (TSE:EIF) last issued its quarterly earnings data on Thursday, August 8th. The company reported C$0.80 EPS for the quarter, topping analysts’ consensus estimates of C$0.78 by C$0.02. Exchange Income had a return on equity of 9.38% and a net margin of 4.44%. The firm had revenue of C$660.58 million during the quarter, compared to analyst estimates of C$677.10 million.

Exchange Income Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 27th will be given a $0.22 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 5.26%. The ex-dividend date of this dividend is Friday, September 27th. Exchange Income’s payout ratio is currently 109.09%.

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.