Exchange Income (TSE:EIF) had its price objective lowered by Canaccord Genuity from C$51.00 to C$37.00 in a research note released on Monday morning, BayStreet.CA reports.

A number of other brokerages also recently weighed in on EIF. CIBC raised their price objective on Exchange Income from C$43.00 to C$49.00 in a research report on Friday, February 21st. TD Securities raised Exchange Income from a hold rating to a buy rating and raised their price target for the stock from C$48.00 to C$51.00 in a report on Monday, February 24th. Scotiabank raised their price target on Exchange Income from C$47.00 to C$49.00 in a report on Monday, February 24th. Raymond James lowered their price target on Exchange Income from C$65.00 to C$45.00 and set a strong-buy rating for the company in a report on Thursday, March 19th. Finally, National Bank Financial raised their price target on Exchange Income from C$47.00 to C$54.00 and gave the stock an outperform rating in a report on Friday, January 24th.

EIF opened at C$20.88 on Monday. Exchange Income has a 12-month low of C$12.57 and a 12-month high of C$46.10. The company has a current ratio of 2.10, a quick ratio of 1.19 and a debt-to-equity ratio of 157.58. The business’s fifty day simple moving average is C$37.12 and its 200-day simple moving average is C$40.69. The company has a market capitalization of $549.79 million and a price-to-earnings ratio of 8.39.

Exchange Income (TSE:EIF) last issued its quarterly earnings data on Thursday, February 20th. The company reported C$0.88 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.77 by C$0.11. The company had revenue of C$363.29 million for the quarter, compared to the consensus estimate of C$356.35 million. On average, equities research analysts predict that Exchange Income will post 3.4111538 EPS for the current year.

The firm also recently declared a monthly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 28th were issued a $0.19 dividend. This represents a $2.28 annualized dividend and a yield of 10.92%. The ex-dividend date was Thursday, February 27th. Exchange Income’s dividend payout ratio is presently 89.53%.

About Exchange Income

Exchange Income Corporation engages in aerospace and aviation services and equipment, and manufacturing businesses worldwide. It operates through two segments, Aerospace & Aviation, and Manufacturing. The Aerospace & Aviation segment offers scheduled airline and charter services, and emergency medical services to communities located in Manitoba, Ontario, and Nunavut, as well as Newfoundland and Labrador, Quebec, New Brunswick, and Nova Scotia.

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