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