Raymond James reiterated their strong-buy rating on shares of Exchange Income (TSE:EIF) in a report issued on Friday morning, BayStreet.CA reports. The brokerage currently has a C$49.00 price objective on the stock.
Several other equities analysts have also commented on EIF. TD Securities upped their price target on Exchange Income from C$42.00 to C$46.00 and gave the company a buy rating in a research note on Thursday, May 9th. Royal Bank of Canada upped their price target on Exchange Income from C$38.00 to C$40.00 and gave the company a sector perform rating in a research note on Friday. National Bank Financial upped their price target on Exchange Income from C$42.00 to C$46.00 and gave the company an outperform rating in a research note on Thursday. Finally, CIBC increased their target price on Exchange Income from C$39.50 to C$41.00 in a research note on Thursday. One equities research 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. Exchange Income currently has an average rating of Buy and an average price target of C$43.79.
Shares of Exchange Income stock traded up C$1.23 during trading hours on Friday, hitting C$40.48. The company’s stock had a trading volume of 162,400 shares, compared to its average volume of 81,060. Exchange Income has a twelve month low of C$25.58 and a twelve month high of C$40.66. The company’s fifty day simple moving average is C$38.35. The company has a market cap of $1.31 billion and a PE ratio of 18.87. The company has a debt-to-equity ratio of 187.73, a quick ratio of 1.01 and a current ratio of 1.90.
Exchange Income (TSE:EIF) last announced its quarterly earnings results on Tuesday, May 7th. The company reported C$0.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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. Equities analysts predict that Exchange Income will post 3.4999997 earnings per share for the current year.
The company also recently announced a monthly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a dividend of $0.183 per share. This represents a $2.20 annualized dividend and a yield of 5.42%. The ex-dividend date was Thursday, June 27th. Exchange Income’s payout ratio is 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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