Exchange Income (TSE:EIF) Shares Pass Above 200 Day Moving Average of $46.37

Exchange Income Co. (TSE:EIF)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$46.37 and traded as high as C$46.92. Exchange Income shares last traded at C$46.79, with a volume of 40,338 shares trading hands.

Analysts Set New Price Targets

EIF has been the topic of a number of recent research reports. Scotiabank dropped their target price on Exchange Income from C$62.00 to C$60.00 and set an “outperform” rating on the stock in a research report on Monday, January 22nd. Raymond James lifted their target price on Exchange Income from C$70.00 to C$73.00 and gave the stock a “strong-buy” rating in a research note on Monday, February 26th. ATB Capital lifted their target price on Exchange Income from C$60.00 to C$63.00 and gave the stock an “outperform” rating in a research note on Monday, February 26th. TD Securities lifted their target price on Exchange Income from C$63.00 to C$65.00 and gave the stock a “buy” rating in a research note on Monday, February 26th. Finally, Canaccord Genuity Group lifted their target price on Exchange Income from C$63.00 to C$65.00 and gave the stock a “buy” rating in a research note on Monday, February 26th. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$64.15.

Exchange Income Price Performance

The company has a debt-to-equity ratio of 162.10, a quick ratio of 1.13 and a current ratio of 1.87. The company has a market cap of C$2.22 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 1.42 and a beta of 2.07. The business has a fifty day moving average price of C$48.10 and a 200 day moving average price of C$46.38.

Exchange Income (TSE:EIF) last posted its quarterly earnings results on Thursday, February 22nd. The company reported C$0.70 EPS for the quarter, hitting analysts’ consensus estimates of C$0.70. The company had revenue of C$656.68 million during the quarter, compared to analysts’ expectations of C$644.49 million. Exchange Income had a return on equity of 10.80% and a net margin of 4.90%. As a group, research analysts anticipate that Exchange Income Co. will post 3.1697987 earnings per share for the current year.

Exchange Income Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a $0.22 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 5.63%. Exchange Income’s dividend payout ratio (DPR) is presently 99.62%.

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.