Exchange Income Co. (TSE:EIF) has been assigned an average recommendation of “Buy” from the nine research firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$43.50.

EIF has been the subject of a number of research analyst reports. Raymond James Financial increased their target price on shares of Exchange Income from C$48.00 to C$49.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, November 15th. National Bank Financial reissued an “outperform” rating and set a C$42.00 target price on shares of Exchange Income in a research report on Tuesday, November 21st. Canaccord Genuity increased their target price on shares of Exchange Income from C$42.00 to C$42.50 in a research report on Friday, November 17th. Scotiabank increased their target price on shares of Exchange Income from C$42.00 to C$43.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 15th. Finally, Laurentian Bank of Canada dropped their target price on shares of Exchange Income from C$48.00 to C$47.00 in a research report on Monday, November 13th.

Shares of Exchange Income (TSE EIF) traded down C$0.56 during mid-day trading on Tuesday, hitting C$33.22. 74,953 shares of the stock traded hands, compared to its average volume of 75,069. The stock has a market cap of $1,030.00, a price-to-earnings ratio of 16.13 and a beta of 0.70. Exchange Income has a 1-year low of C$25.80 and a 1-year high of C$42.63.

Exchange Income (TSE:EIF) last announced its quarterly earnings data on Wednesday, November 8th. The company reported C$0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.81 by C$0.03. Exchange Income had a net margin of 9.43% and a return on equity of 17.22%.

The company also recently disclosed a monthly dividend, which was paid on Monday, January 15th. Shareholders of record on Sunday, December 31st were given a $0.175 dividend. This represents a $2.10 annualized dividend and a yield of 6.32%. The ex-dividend date of this dividend was Thursday, December 28th. Exchange Income’s dividend payout ratio (DPR) is 101.58%.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally published by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another publication, it was illegally copied and republished in violation of US and international copyright laws. The original version of this piece of content can be read at https://www.americanbankingnews.com/2018/01/16/exchange-income-co-eif-given-average-recommendation-of-buy-by-brokerages-2.html.

About Exchange Income

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.

Analyst Recommendations for Exchange Income (TSE:EIF)

Receive News & Ratings for Exchange Income Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exchange Income and related companies with MarketBeat.com's FREE daily email newsletter.