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.
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%.
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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