Exchange Income (TSE:EIF) Shares Pass Above 200 Day Moving Average – Time to Sell?

Exchange Income Co. (TSE:EIF)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$47.60 and traded as high as C$54.45. Exchange Income shares last traded at C$53.89, with a volume of 66,034 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on EIF. TD Securities boosted their target price on Exchange Income from C$65.00 to C$69.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. ATB Capital boosted 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 target price 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. Finally, Canaccord Genuity Group lifted their price target on shares of Exchange Income from C$66.00 to C$68.00 and gave the company 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 company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$65.28.

Exchange Income Price Performance

The company has a current ratio of 1.77, a quick ratio of 1.13 and a debt-to-equity ratio of 171.03. The firm has a 50 day moving average of C$49.57 and a two-hundred day moving average of C$47.60. The company has a market cap of C$2.56 billion, a PE ratio of 22.27, a P/E/G ratio of 1.42 and a beta of 2.04.

Exchange Income (TSE:EIF) last issued its earnings results on Thursday, August 8th. The company reported C$0.80 EPS for the quarter, beating the consensus estimate 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 business had revenue of C$660.58 million for the quarter, compared to the consensus estimate of C$677.10 million. Research analysts predict that Exchange Income Co. will post 3.993784 earnings per share for the current fiscal year.

Exchange Income Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th will be issued a dividend of $0.22 per share. The ex-dividend date is Friday, September 27th. This represents a $2.64 annualized dividend and a dividend yield of 4.90%. Exchange Income’s payout ratio is 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.