Exchange Income (TSE:EIF) Price Target Raised to C$71.00 at Royal Bank of Canada

Exchange Income (TSE:EIF) had its target price raised by Royal Bank of Canada from C$65.00 to C$71.00 in a report released on Thursday morning,BayStreet.CA reports.

A number of other equities research analysts have also commented on EIF. Ventum Cap Mkts upgraded shares of Exchange Income to a “strong-buy” rating in a report on Tuesday, November 5th. TD Securities lowered their price target on shares of Exchange Income from C$69.00 to C$67.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Ventum Financial set a C$74.00 price objective on shares of Exchange Income and gave the stock a “buy” rating in a report on Tuesday, November 5th. National Bankshares upped their price objective on shares of Exchange Income from C$61.00 to C$68.00 in a report on Monday. Finally, Canaccord Genuity Group upped their price objective on shares of Exchange Income from C$70.00 to C$72.00 in a report on Tuesday. Seven equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$68.28.

Exchange Income Trading Down 0.8 %

TSE:EIF traded down C$0.45 during midday trading on Thursday, reaching C$56.03. 23,770 shares of the stock traded hands, compared to its average volume of 83,064. The company has a fifty day moving average of C$52.92 and a 200 day moving average of C$48.82. Exchange Income has a 12 month low of C$43.08 and a 12 month high of C$57.69. The company has a debt-to-equity ratio of 171.03, a quick ratio of 1.13 and a current ratio of 1.77. The stock has a market capitalization of C$2.66 billion, a P/E ratio of 23.34, a PEG ratio of 1.42 and a beta of 2.04.

Exchange Income Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be given a $0.22 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date of this dividend is Thursday, October 31st. Exchange Income’s dividend payout ratio is presently 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.