Exchange Income Co. (TSE:EIF) Given Average Recommendation of “Buy” by Brokerages

Shares of Exchange Income Co. (TSE:EIF) have been assigned a consensus rating of “Buy” from the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. Seven 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 brokerages that have covered the stock in the last year is C$64.15.

A number of research firms have recently issued reports on EIF. ATB Capital lifted their price objective on shares of Exchange Income from C$60.00 to C$63.00 and gave the company an “outperform” rating in a research note on Monday, February 26th. Scotiabank dropped their price target on shares of 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. Canaccord Genuity Group lifted their price target on shares of 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. TD Securities lifted their price target on shares of 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. Finally, Raymond James lifted their price target on shares of 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.

Exchange Income Trading Down 0.6 %

TSE EIF opened at C$48.41 on Thursday. Exchange Income has a one year low of C$42.05 and a one year high of C$55.74. The company’s 50 day moving average price is C$48.09 and its 200 day moving average price is C$46.23. The company has a debt-to-equity ratio of 162.10, a quick ratio of 1.13 and a current ratio of 1.87. The firm has a market capitalization of C$2.29 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 1.42 and a beta of 2.07.

Exchange Income (TSE:EIF) last posted its quarterly earnings results on Thursday, February 22nd. The company reported C$0.70 EPS for the quarter, meeting the consensus estimate of C$0.70. Exchange Income had a net margin of 4.90% and a return on equity of 10.80%. The firm had revenue of C$656.68 million for the quarter, compared to analyst estimates of C$644.49 million. On average, sell-side analysts predict that Exchange Income will post 3.2187295 EPS for the current year.

Exchange Income Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be issued a $0.22 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 5.45%. The ex-dividend date of this dividend is Wednesday, March 27th. Exchange Income’s dividend payout ratio is presently 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.