Exchange Income Co. (TSE:EIF) has earned an average recommendation of “Buy” from the nine brokerages that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is C$43.78.
A number of equities analysts have recently issued reports on the company. CIBC increased their price target on Exchange Income from C$35.00 to C$37.50 and gave the stock a “neutral” rating in a research report on Friday, January 19th. TD Securities increased their price target on Exchange Income from C$43.00 to C$45.00 and gave the stock a “buy” rating in a research report on Thursday, November 16th. National Bank Financial restated an “outperform” rating and set a C$42.00 price objective on shares of Exchange Income in a research note on Tuesday, November 21st. Royal Bank of Canada upped their price objective on Exchange Income from C$38.00 to C$39.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 15th. Finally, Scotiabank upped their price objective on Exchange Income from C$42.00 to C$43.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 15th.
Exchange Income (TSE EIF) traded down C$0.21 on Friday, hitting C$32.32. The stock had a trading volume of 26,632 shares, compared to its average volume of 75,595. Exchange Income has a fifty-two week low of C$25.80 and a fifty-two week high of C$41.91. The company has a market cap of $1,010.00, a P/E ratio of 15.76 and a beta of 0.57.
The business also recently disclosed a monthly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be paid a dividend of $0.175 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 6.50%. The ex-dividend date of this dividend is Tuesday, January 30th. Exchange Income’s dividend payout ratio (DPR) is currently 101.58%.
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Exchange Income Company Profile
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.
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