Exchange Income (TSE:EIF) Price Target Raised to C$70.00 at Canaccord Genuity Group

Exchange Income (TSE:EIF) had its price objective lifted by Canaccord Genuity Group from C$68.00 to C$70.00 in a report issued on Wednesday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.

EIF has been the topic of a number of other research reports. ATB Capital lifted their price target 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. TD Securities boosted their price target on Exchange Income from C$65.00 to C$69.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Finally, CIBC raised their price target on Exchange Income from C$61.50 to C$62.50 and gave the company an “outperform” rating in a report on Monday, August 12th. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Exchange Income currently has an average rating of “Buy” and a consensus target price of C$65.28.

Exchange Income Price Performance

Shares of EIF opened at C$54.75 on Wednesday. Exchange Income has a 12 month low of C$42.05 and a 12 month high of C$56.59. The company has a debt-to-equity ratio of 171.03, a current ratio of 1.77 and a quick ratio of 1.13. The stock has a fifty day moving average price of C$51.29 and a 200 day moving average price of C$48.08. The company has a market cap of C$2.60 billion, a P/E ratio of 22.62, a PEG ratio of 1.42 and a beta of 2.04.

Exchange Income (TSE:EIF) last released its quarterly earnings results on Thursday, August 8th. The company reported C$0.80 EPS for the quarter, topping the consensus estimate of C$0.78 by C$0.02. The business had revenue of C$660.58 million during the quarter, compared to analyst estimates of C$677.10 million. Exchange Income had a net margin of 4.44% and a return on equity of 9.38%. On average, research analysts forecast that Exchange Income will post 3.9962963 earnings per share for the current year.

Exchange Income Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $2.64 annualized dividend and a yield of 4.82%. 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.