Exchange Income (TSE:EIF) Price Target Raised to C$43.00 at CIBC

Exchange Income (TSE:EIF) had its target price boosted by CIBC from C$42.00 to C$43.00 in a research note published on Monday morning, BayStreet.CA reports.

Other research analysts have also recently issued reports about the company. TD Securities lifted their price objective on Exchange Income from C$46.00 to C$47.00 and gave the company a buy rating in a research report on Thursday, October 31st. National Bank Financial reaffirmed an outperform rating and set a C$47.00 price objective on shares of Exchange Income in a research report on Tuesday, October 29th. Royal Bank of Canada lifted their price objective on Exchange Income from C$38.00 to C$40.00 and gave the company a sector perform rating in a research report on Friday, August 9th. Raymond James reaffirmed a strong-buy rating and set a C$55.00 price objective on shares of Exchange Income in a research report on Monday, September 23rd. Finally, Canaccord Genuity lifted their price objective on Exchange Income from C$44.00 to C$45.00 in a research report on Monday. One 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 given a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of C$46.28.

Shares of EIF stock traded down C$0.58 during trading hours on Monday, reaching C$43.79. 101,617 shares of the company traded hands, compared to its average volume of 92,787. Exchange Income has a 12-month low of C$25.58 and a 12-month high of C$44.68. The company has a debt-to-equity ratio of 184.79, a current ratio of 2.25 and a quick ratio of 1.18. The company has a market cap of $1.52 billion and a P/E ratio of 19.78. The firm has a 50-day moving average price of C$39.52 and a 200 day moving average price of C$38.11.

The business also recently disclosed a monthly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.19 per share. This is a boost from Exchange Income’s previous monthly dividend of $0.18. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.21%. The ex-dividend date of this dividend was Friday, September 27th. Exchange Income’s payout ratio is presently 99.59%.

About Exchange Income

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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