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

Exchange Income Co. (TSE:EIF) has received an average rating of “Buy” from the nine research firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$43.78.

Several equities analysts recently weighed in on EIF shares. Canaccord Genuity raised their price objective on Exchange Income from C$42.00 to C$42.50 in a research note on Friday, November 17th. Raymond James Financial raised their price objective on Exchange Income from C$48.00 to C$49.00 and gave the company a “strong-buy” rating in a research note on Wednesday, November 15th. Laurentian dropped their price objective on Exchange Income from C$48.00 to C$47.00 in a research note on Monday, November 13th. National Bank Financial raised their price target on Exchange Income from C$43.00 to C$44.00 and gave the stock an “outperform” rating in a research report on Monday, November 27th. Finally, Laurentian Bank of Canada dropped their price target on Exchange Income from C$48.00 to C$47.00 in a research report on Monday, November 13th.

Exchange Income (TSE:EIF) traded down C$0.43 during midday trading on Friday, reaching C$31.52. The company had a trading volume of 83,600 shares, compared to its average volume of 80,127. Exchange Income has a 12-month low of C$25.80 and a 12-month high of C$41.91. The stock has a market cap of $980.98, a P/E ratio of 15.30 and a beta of 0.57.

Exchange Income (TSE:EIF) last released its quarterly earnings data on Wednesday, November 8th. The company reported C$0.84 earnings per share for the quarter, beating the consensus estimate of C$0.81 by C$0.03. Exchange Income had a return on equity of 17.22% and a net margin of 9.43%. The firm had revenue of C$253.37 million during the quarter, compared to the consensus estimate of C$258.93 million.

The business also recently declared a monthly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be given a dividend of $0.175 per share. This represents a $2.10 annualized dividend and a yield of 6.66%. The ex-dividend date is Tuesday, January 30th. Exchange Income’s payout ratio is 101.58%.

ILLEGAL ACTIVITY WARNING: “Exchange Income Co. (EIF) Given Average Recommendation of “Buy” by Brokerages” was published by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of United States & international copyright & trademark laws. The legal version of this story can be accessed at https://www.americanbankingnews.com/2018/02/10/exchange-income-co-eif-given-average-recommendation-of-buy-by-brokerages.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.

Leave a Reply