Brokerages Set Exchange Income Co. (TSE:EIF) Price Target at C$64.15

Exchange Income Co. (TSE:EIF) has been given an average rating of “Buy” by the eight brokerages that are covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$64.15.

Several brokerages have commented on EIF. CIBC upped their price target on Exchange Income from C$58.00 to C$61.50 and gave the stock an “outperform” rating in a research note on Tuesday, December 19th. Scotiabank dropped their price target on Exchange Income from C$62.00 to C$60.00 and set an “outperform” rating for the company in a research note on Monday, January 22nd. ATB Capital upped their price target on Exchange Income from C$60.00 to C$63.00 and gave the stock an “outperform” rating in a research note on Monday, February 26th. Raymond James upped their price target on Exchange Income from C$70.00 to C$73.00 and gave the stock a “strong-buy” rating in a research note on Monday, February 26th. Finally, TD Securities upped their price target on Exchange Income from C$63.00 to C$65.00 and gave the stock a “buy” rating in a research note on Monday, February 26th.

Exchange Income Stock Performance

Exchange Income stock opened at C$45.77 on Thursday. The firm has a market capitalization of C$2.16 billion, a P/E ratio of 17.27, a PEG ratio of 1.42 and a beta of 2.07. The stock has a fifty day moving average price of C$48.10 and a 200 day moving average price of C$46.29. Exchange Income has a 52 week low of C$42.05 and a 52 week high of C$55.74. The company has a current ratio of 1.87, a quick ratio of 1.13 and a debt-to-equity ratio of 162.10.

Exchange Income (TSE:EIF) last released its earnings results on Thursday, February 22nd. The company reported C$0.70 EPS for the quarter, meeting the consensus estimate of C$0.70. The firm had revenue of C$656.68 million during the quarter, compared to analyst estimates of C$644.49 million. Exchange Income had a return on equity of 10.80% and a net margin of 4.90%. Equities research analysts anticipate that Exchange Income will post 3.1697987 earnings per share for the current year.

Exchange Income Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a $0.22 dividend. This represents a $2.64 annualized dividend and a dividend yield of 5.77%. The ex-dividend date was Wednesday, March 27th. Exchange Income’s payout ratio is 99.62%.

Exchange Income Company Profile

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.