Exchange Income (TSE:EIF) Share Price Passes Above 200-Day Moving Average of $47.23

Exchange Income Co. (TSE:EIF)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$47.23 and traded as high as C$49.00. Exchange Income shares last traded at C$48.99, with a volume of 43,019 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. ATB Capital raised their price objective on shares of Exchange Income from C$66.00 to C$67.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. TD Securities raised their price target on shares of Exchange Income from C$65.00 to C$69.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Canaccord Genuity Group upped their price objective on shares of Exchange Income from C$66.00 to C$68.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Finally, CIBC increased their target price on shares of Exchange Income from C$61.50 to C$62.50 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$65.28.

Exchange Income Trading Up 0.8 %

The company has a quick ratio of 1.13, a current ratio of 1.77 and a debt-to-equity ratio of 171.03. The company’s 50-day moving average price is C$47.94 and its 200-day moving average price is C$47.25. The firm has a market cap of C$2.36 billion, a price-to-earnings ratio of 20.54, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04.

Exchange Income (TSE:EIF) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.78 by C$0.02. Exchange Income had a return on equity of 9.38% and a net margin of 4.44%. The company had revenue of C$660.58 million for the quarter, compared to analysts’ expectations of C$677.10 million. Equities analysts expect that Exchange Income Co. will post 3.995 EPS for the current fiscal year.

Exchange Income Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be paid a $0.22 dividend. This represents a $2.64 annualized dividend and a yield of 5.31%. The ex-dividend date is Friday, August 30th. Exchange Income’s dividend payout ratio is currently 109.09%.

Exchange Income Company Profile

Exchange Income Corporation, together with its subsidiaries, engages in aerospace and aviation services and equipment, and manufacturing businesses worldwide. The company Aerospace & Aviation, and Manufacturing segments. The Aerospace & Aviation segment offers fixed wing and rotary wing, medevac, passenger, charter, freight, and auxiliary services; and operates two flight schools and trains pilots.