Exchange Income (TSE:EIF) Reaches New 1-Year High – Should You Buy?

Exchange Income Co. (TSE:EIF) reached a new 52-week high on Tuesday . The stock traded as high as C$54.87 and last traded at C$54.87, with a volume of 66985 shares changing hands. The stock had previously closed at C$53.95.

Analysts Set New Price Targets

A number of research analysts recently issued reports on EIF shares. TD Securities raised their price objective on shares of Exchange Income from C$65.00 to C$69.00 and gave the company a “buy” rating in a report on Monday, August 12th. ATB Capital boosted their price objective on shares of Exchange Income from C$66.00 to C$67.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. CIBC raised their target price on Exchange Income from C$61.50 to C$62.50 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Finally, Canaccord Genuity Group lifted their target price on Exchange Income from C$66.00 to C$68.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$65.28.

Exchange Income Price Performance

The company has a debt-to-equity ratio of 171.03, a current ratio of 1.77 and a quick ratio of 1.13. The company has a fifty day moving average of C$50.09 and a 200-day moving average of C$47.75. The firm has a market cap of C$2.67 billion, a P/E ratio of 23.24, a P/E/G ratio of 1.42 and a beta of 2.04.

Exchange Income (TSE:EIF) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$0.80 EPS for the quarter, beating the consensus estimate of C$0.78 by C$0.02. Exchange Income had a net margin of 4.44% and a return on equity of 9.38%. The firm had revenue of C$660.58 million during the quarter, compared to analyst estimates of C$677.10 million. On average, sell-side analysts anticipate that Exchange Income Co. will post 3.9962963 EPS for the current fiscal year.

Exchange Income Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th were paid a $0.22 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 4.70%. The ex-dividend date of this dividend was Friday, September 27th. Exchange Income’s payout ratio is 109.09%.

About Exchange Income

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.