Shares of Exchange Income Co. (TSE:EIF) have been assigned an average rating of “Buy” from the ten analysts that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$44.35.
A number of research analysts recently weighed in on EIF shares. National Bankshares set a C$43.00 target price on shares of Exchange Income and gave the company an “outperform” rating in a research note on Tuesday, April 27th. Scotiabank increased their price objective on shares of Exchange Income from C$39.00 to C$41.00 in a research report on Tuesday, April 27th. Canaccord Genuity boosted their target price on shares of Exchange Income to C$44.00 and gave the company a “na” rating in a research note on Thursday, February 25th. TD Securities increased their target price on shares of Exchange Income from C$43.00 to C$46.00 and gave the stock a “buy” rating in a report on Monday, April 5th. Finally, Royal Bank of Canada cut their target price on Exchange Income from C$42.00 to C$41.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 27th.
TSE EIF traded up C$0.02 during trading on Tuesday, reaching C$38.51. The company’s stock had a trading volume of 116,242 shares, compared to its average volume of 114,253. The firm has a fifty day moving average of C$39.49 and a 200 day moving average of C$37.65. The company has a debt-to-equity ratio of 177.60, a current ratio of 2.10 and a quick ratio of 1.20. The stock has a market capitalization of C$1.45 billion and a PE ratio of 49.32. Exchange Income has a one year low of C$19.21 and a one year high of C$41.95.
Exchange Income (TSE:EIF) last announced its earnings results on Wednesday, February 17th. The company reported C$0.53 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.22 by C$0.31. The company had revenue of C$301.71 million for the quarter, compared to the consensus estimate of C$281.02 million. Research analysts expect that Exchange Income will post 2.92 earnings per share for the current fiscal year.
The firm also recently declared a monthly dividend, which will be paid on Friday, May 14th. Shareholders of record on Friday, April 30th will be given a $0.19 dividend. The ex-dividend date is Thursday, April 29th. This represents a $2.28 annualized dividend and a yield of 5.92%. Exchange Income’s dividend payout ratio is presently 292.31%.
In other Exchange Income news, Senior Officer Adam Terwin sold 4,900 shares of the firm’s stock in a transaction that occurred on Monday, March 1st. The shares were sold at an average price of C$41.05, for a total transaction of C$201,145.00. Following the sale, the insider now owns 7,338 shares of the company’s stock, valued at C$301,224.90.
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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