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

Exchange Income Co. (TSE:EIF) has been assigned an average recommendation of “Buy” from the eight research firms that are covering the company, Marketbeat reports. Seven research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$65.28.

EIF has been the topic of a number of research reports. TD Securities raised their price target on shares of Exchange Income from C$65.00 to C$69.00 and gave the company a “buy” rating in a research note on Monday, August 12th. ATB Capital raised their target price on 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. Canaccord Genuity Group lifted their price target on Exchange Income from C$66.00 to C$68.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Finally, CIBC increased their price objective on Exchange Income from C$61.50 to C$62.50 and gave the company an “outperform” rating in a research note on Monday, August 12th.

Exchange Income Trading Down 1.8 %

Shares of EIF stock opened at C$47.94 on Tuesday. Exchange Income has a 1-year low of C$42.05 and a 1-year high of C$49.98. The company has a market cap of C$2.28 billion, a price-to-earnings ratio of 19.81, a PEG ratio of 1.42 and a beta of 2.04. 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 stock has a 50 day simple moving average of C$47.71 and a 200-day simple moving average of C$47.22.

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 analysts’ consensus estimates of C$0.78 by C$0.02. Exchange Income had a net margin of 4.44% and a return on equity of 9.38%. The company had revenue of C$660.58 million during the quarter, compared to analysts’ expectations of C$677.10 million. On average, equities research analysts expect that Exchange Income will post 3.995 EPS for the current fiscal year.

Exchange Income Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be issued a $0.22 dividend. This represents a $2.64 annualized dividend and a yield of 5.51%. The ex-dividend date is Friday, August 30th. Exchange Income’s payout ratio is currently 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.