Royal Bank of Canada Issues Positive Forecast for Exchange Income (TSE:EIF) Stock Price

Exchange Income (TSE:EIF) had its price target boosted by Royal Bank of Canada from C$65.00 to C$71.00 in a report issued on Thursday,BayStreet.CA reports.

EIF has been the subject of several other research reports. Ventum Financial set a C$74.00 price objective on Exchange Income and gave the company a “buy” rating in a report on Tuesday, November 5th. CIBC boosted their price target 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. Ventum Cap Mkts raised shares of Exchange Income to a “strong-buy” rating in a research note on Tuesday, November 5th. ATB Capital lifted their target price on shares of Exchange Income from C$66.00 to C$67.00 and gave the company an “outperform” rating in a report on Monday, August 12th. Finally, Canaccord Genuity Group increased their price target on shares of Exchange Income from C$70.00 to C$72.00 in a report on Tuesday, November 12th. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$68.28.

Exchange Income Stock Down 0.6 %

TSE:EIF opened at C$56.16 on Thursday. 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 company’s fifty day moving average price is C$53.05 and its 200-day moving average price is C$48.92. Exchange Income has a 1-year low of C$43.08 and a 1-year high of C$57.69. The firm has a market capitalization of C$2.67 billion, a P/E ratio of 23.21, a PEG ratio of 1.42 and a beta of 2.04.

Exchange Income Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were issued a $0.22 dividend. This represents a $2.64 annualized dividend and a yield of 4.70%. The ex-dividend date of this dividend was Thursday, October 31st. Exchange Income’s payout ratio is 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.