TD Securities Raises Exchange Income (EIF) Price Target to C$46.00

Exchange Income (TSE:EIF) had its price objective upped by TD Securities from C$42.00 to C$46.00 in a research report report published on Thursday, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

A number of other research firms have also recently commented on EIF. National Bank Financial reaffirmed an outperform rating and set a C$42.00 price objective on shares of Exchange Income in a research report on Wednesday, March 27th. Raymond James reaffirmed a strong-buy rating and set a C$49.00 price objective on shares of Exchange Income in a research report on Monday, February 25th. CIBC lifted their price objective on shares of Exchange Income from C$37.50 to C$38.50 and gave the stock a sell rating in a research report on Friday, February 22nd. Finally, Laurentian set a C$45.50 price objective on shares of Exchange Income in a research report on Friday, February 22nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of Buy and an average target price of C$42.71.

TSE:EIF opened at C$36.10 on Thursday. Exchange Income has a 1-year low of C$25.58 and a 1-year high of C$36.44. The company has a debt-to-equity ratio of 158.99, a current ratio of 2.26 and a quick ratio of 1.22. The firm has a market capitalization of $1.16 billion and a P/E ratio of 16.54.

Exchange Income (TSE:EIF) last released its quarterly earnings data on Wednesday, February 20th. The company reported C$0.79 EPS for the quarter, topping the Zacks’ consensus estimate of C$0.78 by C$0.01. The company had revenue of C$315.74 million for the quarter, compared to the consensus estimate of C$302.61 million. As a group, sell-side analysts anticipate that Exchange Income will post 3.45000008617819 EPS for the current year.

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a dividend of $0.183 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $2.20 dividend on an annualized basis and a yield of 6.08%. Exchange Income’s dividend payout ratio (DPR) is 100.37%.

Exchange Income Company Profile

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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Analyst Recommendations for Exchange Income (TSE:EIF)

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