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

Exchange Income Co. (TSE:EIF) has earned a consensus recommendation of “Buy” from the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is C$65.28.

A number of equities research analysts have commented on EIF shares. 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. ATB Capital raised their target price on Exchange Income from C$66.00 to C$67.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. CIBC upped their price target on Exchange Income from C$61.50 to C$62.50 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Finally, Canaccord Genuity Group increased their price target on Exchange Income from C$66.00 to C$68.00 and gave the stock a “buy” rating in a report on Monday, August 12th.

Exchange Income Price Performance

EIF stock opened at C$56.08 on Wednesday. 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’s fifty day simple moving average is C$50.79 and its 200 day simple moving average is C$47.95. Exchange Income has a 12-month low of C$42.05 and a 12-month high of C$56.59. The firm has a market cap of C$2.66 billion, a price-to-earnings ratio of 23.17, a PEG ratio of 1.42 and a beta of 2.04.

Exchange Income (TSE:EIF) last announced its quarterly earnings data on Thursday, August 8th. The company reported C$0.80 earnings per share (EPS) for the quarter, beating 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 company had revenue of C$660.58 million for the quarter, compared to the consensus estimate of C$677.10 million. On average, analysts expect that Exchange Income will post 3.9962963 earnings per share for the current year.

Exchange Income Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.22 per share. This represents a $2.64 annualized dividend and a dividend yield of 4.71%. The ex-dividend date of this dividend is Thursday, October 31st. Exchange Income’s dividend payout ratio is presently 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.