Exchange Income (TSE:EIF) Hits New 1-Year High – Time to Buy?

Exchange Income Co. (TSE:EIF) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$52.58 and last traded at C$52.29, with a volume of 143841 shares changing hands. The stock had previously closed at C$50.86.

Wall Street Analyst Weigh In

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

Exchange Income Stock Up 4.0 %

The company has a market cap of C$2.51 billion, a P/E ratio of 21.02, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04. The company has a debt-to-equity ratio of 171.03, a current ratio of 1.77 and a quick ratio of 1.13. The stock has a fifty day moving average price of C$49.07 and a two-hundred day moving average price of C$47.43.

Exchange Income (TSE:EIF) last released its quarterly earnings results on Thursday, August 8th. The company reported C$0.80 earnings per share for the quarter, topping the consensus estimate of C$0.78 by C$0.02. Exchange Income had a net margin of 4.44% and a return on equity of 9.38%. The business had revenue of C$660.58 million for the quarter, compared to analysts’ expectations of C$677.10 million. On average, research analysts expect that Exchange Income Co. will post 3.993784 EPS for the current year.

Exchange Income Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th will be given a dividend of $0.22 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.99%. The ex-dividend date of this dividend is Friday, September 27th. Exchange Income’s dividend payout ratio is currently 109.09%.

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.