Exchange Income (TSE:EIF) Price Target Raised to C$69.00 at CIBC

Exchange Income (TSE:EIF) had its target price raised by CIBC from C$66.00 to C$69.00 in a report released on Wednesday morning,BayStreet.CA reports.

Other equities analysts have also recently issued reports about the stock. ATB Capital boosted 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 research report on Monday, August 12th. TD Securities lowered their price objective on shares of Exchange Income from C$69.00 to C$67.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Canaccord Genuity Group upped their target price on Exchange Income from C$70.00 to C$72.00 in a research note on Tuesday, November 12th. Ventum Financial set a C$74.00 price target on Exchange Income and gave the company a “buy” rating in a research note on Tuesday, November 5th. Finally, Royal Bank of Canada boosted their price target on Exchange Income from C$65.00 to C$71.00 in a report on Thursday, November 14th. Six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$69.00.

Exchange Income Stock Up 0.2 %

Shares of TSE EIF opened at C$57.09 on Wednesday. The stock has a market capitalization of C$2.71 billion, a P/E ratio of 23.59, a PEG ratio of 1.42 and a beta of 2.04. The stock’s fifty day moving average is C$54.75 and its 200 day moving average is C$49.73. Exchange Income has a 52 week low of C$43.08 and a 52 week high of C$57.69. The company has a debt-to-equity ratio of 171.03, a quick ratio of 1.13 and a current ratio of 1.77.

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 given a dividend of $0.22 per share. The ex-dividend date was Thursday, October 31st. This represents a $2.64 dividend on an annualized basis and a yield of 4.62%. Exchange Income’s dividend 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.