Exchange Income Co. (EIF) Given Average Rating of “Buy” by Analysts

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Shares of Exchange Income Co. (TSE:EIF) have been given a consensus rating of “Buy” by the six analysts that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$42.00.

Several brokerages have weighed in on EIF. TD Securities cut their target price on Exchange Income from C$48.00 to C$45.00 and set a “buy” rating on the stock in a research note on Monday, November 12th. Royal Bank of Canada cut their target price on Exchange Income from C$39.00 to C$38.00 and set a “sector perform” rating on the stock in a research note on Friday, August 10th.

TSE:EIF traded down C$0.44 during midday trading on Monday, reaching C$31.78. 57,100 shares of the company traded hands, compared to its average volume of 79,902. Exchange Income has a twelve month low of C$29.15 and a twelve month high of C$37.60. The company has a debt-to-equity ratio of 160.41, a quick ratio of 1.26 and a current ratio of 2.32.

The firm also recently announced a monthly dividend, which was paid on Thursday, November 15th. Shareholders of record on Wednesday, October 31st were paid a dividend of $0.183 per share. This represents a $2.20 annualized dividend and a yield of 6.91%. The ex-dividend date of this dividend was Tuesday, October 30th. Exchange Income’s payout ratio is currently 99.02%.

Exchange Income Company Profile

Exchange Income Corporation engages in aerospace and aviation services and equipment, and manufacturing businesses worldwide. It operates through two segments, Aerospace & Aviation, and Manufacturing. The Aerospace & Aviation segment scheduled airline and charter services, and emergency medical services to communities located in Manitoba, Ontario, and Nunavut; and scheduled airline and charter service in Newfoundland and Labrador, Quebec, New Brunswick, and Nova Scotia.

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Analyst Recommendations for Exchange Income (TSE:EIF)

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