National Bankshares Issues Positive Forecast for Exchange Income (TSE:EIF) Stock Price

Exchange Income (TSE:EIF) had its price target increased by National Bankshares from C$61.00 to C$68.00 in a research note released on Monday morning,BayStreet.CA reports.

Several other equities analysts also recently commented on the stock. TD Securities dropped their price target on shares of Exchange Income from C$69.00 to C$67.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Ventum Cap Mkts upgraded Exchange Income to a “strong-buy” rating in a report on Tuesday, November 5th. Ventum Financial set a C$74.00 price target on Exchange Income and gave the stock a “buy” rating in a report on Tuesday, November 5th. Canaccord Genuity Group lifted their price objective on Exchange Income from C$68.00 to C$70.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, ATB Capital upped their target price on shares of Exchange Income from C$66.00 to C$67.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Eight analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$67.39.

Exchange Income Trading Down 1.4 %

TSE EIF opened at C$55.09 on Monday. The company has a debt-to-equity ratio of 171.03, a quick ratio of 1.13 and a current ratio of 1.77. The firm has a market cap of C$2.62 billion, a price-to-earnings ratio of 22.76, a PEG ratio of 1.42 and a beta of 2.04. The firm has a 50 day simple moving average of C$52.51 and a 200-day simple moving average of C$48.64. Exchange Income has a one year low of C$43.08 and a one year high of C$57.69.

Exchange Income Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be paid a dividend of $0.22 per share. This represents a $2.64 annualized dividend and a dividend yield of 4.79%. The ex-dividend date of this dividend is Thursday, October 31st. Exchange Income’s dividend payout ratio (DPR) is 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.