Exchange Income Co. (TSE:EIF) has been given a consensus rating of “Buy” by the nine brokerages that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$43.50.

EIF has been the topic of a number of recent research reports. TD Securities raised their target price on Exchange Income from C$43.00 to C$45.00 and gave the company a “buy” rating in a research note on Thursday, November 16th. National Bank Financial raised their target price on Exchange Income from C$43.00 to C$44.00 and gave the company an “outperform” rating in a research note on Monday, November 27th. Laurentian Bank of Canada cut their target price on Exchange Income from C$48.00 to C$47.00 in a research note on Monday, November 13th. Laurentian cut their target price on Exchange Income from C$48.00 to C$47.00 in a research note on Monday, November 13th. Finally, Scotiabank raised their target price on Exchange Income from C$42.00 to C$43.00 and gave the company an “outperform” rating in a research note on Wednesday, November 15th.

Shares of Exchange Income (EIF) traded down C$0.56 on Tuesday, reaching C$33.22. The company had a trading volume of 74,953 shares, compared to its average volume of 75,069. Exchange Income has a 52-week low of C$25.80 and a 52-week high of C$42.63. The company has a market capitalization of $1,030.00, a PE ratio of 16.13 and a beta of 0.70.

Exchange Income (TSE:EIF) last announced its quarterly earnings data on Wednesday, November 8th. The company reported C$0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.81 by C$0.03. Exchange Income had a return on equity of 17.22% and a net margin of 9.43%.

The business also recently announced a monthly dividend, which was paid on Monday, January 15th. Shareholders of record on Sunday, December 31st were paid a $0.175 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 6.32%. The ex-dividend date was Thursday, December 28th. Exchange Income’s payout ratio is 101.58%.

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About Exchange Income

Exchange Income Corporation is focused on opportunities in aerospace and aviation services and equipment, and manufacturing. The Company operates through two segments: Aviation and Manufacturing. The Aviation segment provides scheduled airline and charter service, and emergency medical services to communities located in Manitoba, Ontario and Nunavut.

Analyst Recommendations for Exchange Income (TSE:EIF)

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