Exchange Income Co. (TSE:EIF) has been given an average recommendation of “Buy” by the nine analysts that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$43.78.

A number of brokerages recently weighed in on EIF. National Bank Financial reiterated an “outperform” rating and issued a C$42.00 target price on shares of Exchange Income in a report on Tuesday, November 21st. Canaccord Genuity lifted their target price on Exchange Income from C$42.00 to C$42.50 in a report on Friday, November 17th. Royal Bank of Canada lifted their target price on Exchange Income from C$38.00 to C$39.00 and gave the company a “sector perform” rating in a report on Wednesday, November 15th. CIBC lifted their target price on Exchange Income from C$35.00 to C$37.50 and gave the company a “neutral” rating in a report on Friday, January 19th. Finally, Raymond James Financial lifted their target price on Exchange Income from C$48.00 to C$49.00 and gave the company a “strong-buy” rating in a report on Wednesday, November 15th.

Exchange Income (EIF) traded down C$0.43 during mid-day trading on Friday, hitting C$31.52. The stock had a trading volume of 83,600 shares, compared to its average volume of 80,127. Exchange Income has a 1-year low of C$25.80 and a 1-year high of C$41.91. The firm has a market capitalization of $980.98, a PE ratio of 15.30 and a beta of 0.57.

Exchange Income (TSE:EIF) last posted its quarterly earnings data on Wednesday, November 8th. The company reported C$0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.81 by C$0.03. Exchange Income had a return on equity of 17.22% and a net margin of 9.43%. The business had revenue of C$253.37 million for the quarter, compared to analysts’ expectations of C$258.93 million.

The company also recently announced a monthly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be issued a $0.175 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 6.66%. The ex-dividend date of this dividend is Tuesday, January 30th. Exchange Income’s payout ratio is currently 101.58%.

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Exchange Income Company Profile

Exchange Income Corporation is focused on opportunities in aerospace and aviation services and equipment, and manufacturing. The Company operates through two segments: Aviation and Manufacturing. The Aviation segment provides scheduled airline and charter service, and emergency medical services to communities located in Manitoba, Ontario and Nunavut.

Analyst Recommendations for Exchange Income (TSE:EIF)

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