National Bankshares Increases Exchange Income (TSE:EIF) Price Target to C$61.00

Exchange Income (TSE:EIFGet Rating) had its target price raised by National Bankshares from C$60.00 to C$61.00 in a report published on Monday, BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

A number of other research analysts also recently commented on the stock. TD Securities increased their price target on shares of Exchange Income from C$63.00 to C$65.00 and gave the company a buy rating in a report on Monday, November 14th. ATB Capital lifted their price target on shares of Exchange Income from C$60.00 to C$65.00 in a research note on Monday, August 15th. CIBC lifted their price target on shares of Exchange Income from C$56.50 to C$59.00 in a research note on Monday, August 15th. Cormark lifted their price target on shares of Exchange Income from C$63.00 to C$64.00 in a research note on Friday, November 11th. Finally, Royal Bank of Canada cut their price objective on shares of Exchange Income from C$61.00 to C$59.00 and set an outperform rating on the stock in a report on Monday, November 14th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of Buy and an average price target of C$61.44.

Exchange Income Stock Up 0.3 %

Shares of TSE:EIF opened at C$48.62 on Monday. The company has a current ratio of 2.03, a quick ratio of 1.13 and a debt-to-equity ratio of 175.76. Exchange Income has a 12 month low of C$37.79 and a 12 month high of C$51.56. The company has a 50-day moving average price of C$45.24 and a 200 day moving average price of C$45.43. The company has a market cap of C$2.06 billion and a price-to-earnings ratio of 18.56.

Exchange Income Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th will be issued a $0.21 dividend. This represents a $2.52 annualized dividend and a yield of 5.18%. The ex-dividend date of this dividend is Tuesday, November 29th. Exchange Income’s dividend payout ratio is currently 89.69%.

Exchange Income Company Profile

(Get Rating)

Exchange Income Corporation engages in aerospace and aviation services and equipment, and manufacturing businesses worldwide. It operates in two segments, Aerospace & Aviation, and Manufacturing. The Aerospace & Aviation segment offers scheduled airline, cargo, charter, and emergency medical services to communities located in Manitoba, Ontario, Nunavut, British Columbia, and Alberta, as well as Newfoundland and Labrador, Québec, New Brunswick, and Nova Scotia.

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Analyst Recommendations for Exchange Income (TSE:EIF)

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