Exchange Income (TSE:EIF) had its price target increased by National Bank Financial from C$42.00 to C$46.00 in a research note published on Thursday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.
Other equities research analysts have also recently issued research reports about the stock. Raymond James reiterated a strong-buy rating and set a C$49.00 target price on shares of Exchange Income in a research report on Thursday, May 9th. CIBC increased their target price on shares of Exchange Income from C$38.50 to C$39.50 in a research report on Thursday, May 9th. Finally, TD Securities increased their target price on shares of Exchange Income from C$42.00 to C$46.00 and gave the stock a buy rating in a research report on Thursday, May 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of Buy and a consensus target price of C$43.50.
Shares of EIF stock traded up C$1.11 during mid-day trading on Thursday, reaching C$40.36. The company’s stock had a trading volume of 100,383 shares, compared to its average volume of 80,454. Exchange Income has a 1-year low of C$25.58 and a 1-year high of C$40.54. The company has a market capitalization of $1.27 billion and a P/E ratio of 18.88. The company has a debt-to-equity ratio of 187.73, a quick ratio of 1.01 and a current ratio of 1.90. The firm’s 50-day moving average is C$38.31.
Exchange Income (TSE:EIF) last announced its quarterly earnings data on Tuesday, May 7th. The company reported C$0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.39 by C$0.01. The business had revenue of C$297.02 million during the quarter, compared to analyst estimates of C$288.80 million. On average, analysts forecast that Exchange Income will post 3.4999997 EPS for the current fiscal year.
The company also recently announced a monthly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a dividend of $0.183 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 5.44%. The ex-dividend date was Thursday, June 27th. Exchange Income’s dividend payout ratio (DPR) is currently 102.10%.
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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