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

Exchange Income Co. (TSE:EIF) has received a consensus recommendation of “Buy” from the eight research firms that are currently covering the company, Marketbeat Ratings reports. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$65.28.

Several research firms recently issued reports on EIF. ATB Capital increased their target price on Exchange Income from C$66.00 to C$67.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. CIBC increased their target price on Exchange Income from C$61.50 to C$62.50 and gave the stock an “outperform” rating in a research report on Monday, August 12th. TD Securities raised their price target on Exchange Income from C$65.00 to C$69.00 and gave the company a “buy” rating in a report on Monday, August 12th. Finally, Canaccord Genuity Group raised their price target on Exchange Income from C$66.00 to C$68.00 and gave the company a “buy” rating in a report on Monday, August 12th.

Exchange Income Stock Performance

TSE:EIF opened at C$54.30 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.13 and a debt-to-equity ratio of 171.03. Exchange Income has a 12-month low of C$42.05 and a 12-month high of C$54.75. The stock has a 50-day moving average price of C$49.29 and a 200 day moving average price of C$47.51. The stock has a market capitalization of C$2.58 billion, a P/E ratio of 22.44, a P/E/G ratio of 1.42 and a beta of 2.04.

Exchange Income (TSE:EIF) last released its earnings results on Thursday, August 8th. The company reported C$0.80 earnings per share (EPS) 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 firm had revenue of C$660.58 million during the quarter, compared to analysts’ expectations of C$677.10 million. Equities research analysts forecast that Exchange Income will post 3.993784 EPS 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 paid a $0.22 dividend. This represents a $2.64 annualized dividend and a dividend yield of 4.86%. The ex-dividend date is Friday, September 27th. 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.