Exchange Income Co. (TSE:EIF) has been given a consensus recommendation of “Buy” by the seven ratings firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$42.29.
Several brokerages recently issued reports on EIF. Raymond James reiterated a “strong-buy” rating and set a C$49.00 price target on shares of Exchange Income in a research report on Monday, February 25th. National Bank Financial reiterated an “outperform” rating and set a C$42.00 price target on shares of Exchange Income in a research report on Wednesday, March 27th. CIBC boosted their price objective on Exchange Income from C$37.50 to C$38.50 and gave the stock a “sell” rating in a report on Friday, February 22nd. TD Securities dropped their price objective on Exchange Income from C$45.00 to C$44.00 and set a “buy” rating for the company in a report on Monday, February 25th. Finally, Laurentian set a C$45.50 price objective on Exchange Income in a report on Friday, February 22nd.
TSE EIF traded up C$0.25 on Friday, hitting C$34.78. 48,600 shares of the company were exchanged, compared to its average volume of 87,719. The company has a market cap of $1.10 billion and a price-to-earnings ratio of 15.94. The company has a quick ratio of 1.22, a current ratio of 2.26 and a debt-to-equity ratio of 158.99. Exchange Income has a 1-year low of C$25.58 and a 1-year high of C$35.74.
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be issued a dividend of $0.183 per share. The ex-dividend date is Monday, April 29th. This represents a $2.20 annualized dividend and a yield of 6.31%. Exchange Income’s dividend payout ratio is currently 100.37%.
About Exchange Income
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 offers scheduled airline and charter services, and emergency medical services to communities located in Manitoba, Ontario, and Nunavut, as well as Newfoundland and Labrador, Quebec, New Brunswick, and Nova Scotia.
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