Exchange Income (TSE:EIF) had its target price upped by CIBC from C$35.00 to C$37.50 in a research note issued to investors on Friday. CIBC currently has a neutral rating on the stock.

Several other equities analysts have also recently commented on EIF. TD Securities raised their target price on shares of Exchange Income from C$43.00 to C$45.00 and gave the company a buy rating in a research note on Thursday, November 16th. National Bank Financial reissued an outperform rating and set a C$42.00 target price on shares of Exchange Income in a research note on Tuesday, November 21st. Royal Bank of Canada raised their target price on shares of Exchange Income from C$38.00 to C$39.00 and gave the company a sector perform rating in a research note on Wednesday, November 15th. Scotiabank raised their target price on shares of Exchange Income from C$42.00 to C$43.00 and gave the company an outperform rating in a research note on Wednesday, November 15th. Finally, Laurentian Bank of Canada lowered their target price on shares of Exchange Income from C$48.00 to C$47.00 in a research note on Monday, November 13th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Exchange Income presently has a consensus rating of Buy and an average price target of C$43.78.

Exchange Income (TSE EIF) traded up C$0.31 during trading on Friday, reaching C$34.06. 48,700 shares of the company’s stock traded hands, compared to its average volume of 75,515. The firm has a market cap of $1,060.00, a PE ratio of 16.53 and a beta of 0.70. Exchange Income has a 52-week low of C$25.80 and a 52-week high of C$42.29.

Exchange Income (TSE:EIF) last released its earnings results on Wednesday, November 8th. The company reported C$0.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.81 by C$0.03. Exchange Income had a net margin of 9.43% and a return on equity of 17.22%.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be paid a $0.175 dividend. The ex-dividend date is Tuesday, January 30th. This represents a $2.10 annualized dividend and a dividend yield of 6.17%. Exchange Income’s dividend payout ratio is currently 101.58%.

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About Exchange Income

Exchange Income Corporation is focused on opportunities in aerospace and aviation services and equipment, and manufacturing. The Company operates through two segments: Aviation and Manufacturing. The Aviation segment provides scheduled airline and charter service, and emergency medical services to communities located in Manitoba, Ontario and Nunavut.

Analyst Recommendations for Exchange Income (TSE:EIF)

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