Exchange Income Co. (TSE:EIF) Given Consensus Rating of “Buy” by Analysts

Posted by Defense World Staff on Jul 31st, 2023

Shares of Exchange Income Co. (TSE:EIF – Get Free Report) have been given an average rating of “Buy” by the six brokerages that are covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$66.56.

Several equities analysts recently weighed in on the stock. Canaccord Genuity Group raised their price objective on shares of Exchange Income from C$64.00 to C$66.00 in a research report on Thursday, April 27th. TD Securities lifted their price objective on Exchange Income from C$67.00 to C$68.00 and gave the company a “buy” rating in a report on Thursday, June 15th. Scotiabank decreased their target price on Exchange Income from C$66.00 to C$65.00 in a research report on Wednesday, June 14th. CIBC increased their target price on Exchange Income from C$59.00 to C$62.00 in a research note on Monday, May 1st. Finally, Royal Bank of Canada raised their price target on shares of Exchange Income from C$66.00 to C$70.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 14th.

Exchange Income Trading Down 0.6 %

Shares of Exchange Income stock opened at C$51.09 on Monday. The company has a market capitalization of C$2.37 billion, a P/E ratio of 18.85, a PEG ratio of 1.42 and a beta of 2.03. The company’s fifty day moving average is C$52.56 and its two-hundred day moving average is C$52.83. The company has a debt-to-equity ratio of 184.98, a quick ratio of 1.13 and a current ratio of 1.94. Exchange Income has a 1 year low of C$41.05 and a 1 year high of C$55.74.

Exchange Income (TSE:EIF – Get Free Report) last posted its quarterly earnings data on Tuesday, May 9th. The company reported C$0.27 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.17 by C$0.10. Exchange Income had a net margin of 5.16% and a return on equity of 12.61%. The business had revenue of C$526.84 million during the quarter, compared to analyst estimates of C$492.23 million. Analysts forecast that Exchange Income will post 3.3137867 earnings per share for the current year.

Exchange Income Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, July 28th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 4.93%. Exchange Income’s dividend payout ratio is presently 92.99%.

About Exchange Income

(Get Free Report

Exchange Income Corporation, together with its subsidiaries, engages in aerospace and aviation services and equipment, and manufacturing businesses worldwide. It operates in two segments, Aerospace & Aviation, and Manufacturing. The Aerospace & Aviation segment offers scheduled airline, cargo, charter, and emergency medical services to communities located in Manitoba, Ontario, Nunavut, British Columbia, and Alberta, as well as Newfoundland and Labrador, Québec, New Brunswick, and Nova Scotia.