Exchange Income (TSE:EIF) Upgraded at Ventum Cap Mkts

Ventum Cap Mkts upgraded shares of Exchange Income (TSE:EIF) to a strong-buy rating in a report published on Tuesday,Zacks.com reports.

Several other brokerages have also recently weighed in on EIF. ATB Capital increased their target price on Exchange Income from C$66.00 to C$67.00 and gave the company an “outperform” rating in a report on Monday, August 12th. TD Securities reduced their target price on Exchange Income from C$69.00 to C$67.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Ventum Financial set a C$74.00 price target on Exchange Income and gave the stock a “buy” rating in a research note on Tuesday. Canaccord Genuity Group lifted their target price on Exchange Income from C$68.00 to C$70.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, CIBC upped their price objective 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. Eight equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$66.15.

Exchange Income Price Performance

The business has a 50 day moving average of C$52.27 and a 200 day moving average of C$48.49. The company has a debt-to-equity ratio of 171.03, a quick ratio of 1.13 and a current ratio of 1.77. The firm has a market capitalization of C$2.65 billion, a price-to-earnings ratio of 22.98, a P/E/G ratio of 1.42 and a beta of 2.04. Exchange Income has a 12 month low of C$42.83 and a 12 month high of C$56.59.

Exchange Income (TSE:EIF) last posted its quarterly earnings data 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 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 analysts’ expectations of C$677.10 million. Equities analysts anticipate that Exchange Income will post 3.9962963 earnings per share for the current fiscal year.

Exchange Income Dividend Announcement

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 paid a dividend of $0.22 per share. The ex-dividend date is Thursday, October 31st. This represents a $2.64 annualized dividend and a dividend yield of ∞. Exchange Income’s dividend payout ratio (DPR) 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.