Exchange Income (TSE:EIF) Upgraded to Strong-Buy at Ventum Cap Mkts

Ventum Cap Mkts upgraded shares of Exchange Income (TSE:EIF) to a strong-buy rating in a research note issued to investors on Tuesday morning, Zacks.com reports.

A number of other analysts have also commented on the company. CIBC lifted their price objective 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. Canaccord Genuity Group boosted their target price on Exchange Income from C$68.00 to C$70.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Ventum Financial set a C$74.00 target price on Exchange Income and gave the stock a “buy” rating in a report on Tuesday. ATB Capital upped their price objective 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. Finally, TD Securities reduced their target price on Exchange Income from C$69.00 to C$67.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Eight investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Exchange Income currently has an average rating of “Buy” and an average target price of C$66.15.

Exchange Income Trading Up 1.1 %

Shares of TSE EIF opened at C$55.62 on Tuesday. The company has a market cap of C$2.64 billion, a price-to-earnings ratio of 22.98, a price-to-earnings-growth 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. 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 stock’s 50 day simple moving average is C$52.27 and its 200 day simple moving average is C$48.49.

Exchange Income (TSE:EIF) last issued its earnings results on Thursday, August 8th. The company reported C$0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 research analysts expect that Exchange Income will post 3.9962963 EPS for the current year.

Exchange Income Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be given a $0.22 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date of this dividend is Thursday, October 31st. Exchange Income’s dividend 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.