Exchange Income (TSE:EIF) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Exchange Income Co. (TSE:EIF)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$51.91 and traded as high as C$56.30. Exchange Income shares last traded at C$55.16, with a volume of 89,026 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts have commented on EIF shares. CIBC raised their price target on shares of Exchange Income from C$66.00 to C$69.00 in a research note on Wednesday, December 4th. TD Securities decreased their price objective on 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. National Bankshares raised their target price on Exchange Income from C$61.00 to C$68.00 in a research report on Monday, November 11th. Royal Bank of Canada boosted their price target on Exchange Income from C$65.00 to C$71.00 in a research report on Thursday, November 14th. Finally, Ventum Financial set a C$74.00 price target on Exchange Income and gave the company a “buy” rating in a report on Tuesday, November 5th. Six equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Exchange Income currently has an average rating of “Buy” and a consensus price target of C$69.00.

Exchange Income Trading Down 1.2 %

The company has a quick ratio of 1.13, a current ratio of 1.77 and a debt-to-equity ratio of 171.03. The firm’s 50-day simple moving average is C$56.53 and its 200 day simple moving average is C$52.08. The stock has a market capitalization of C$2.55 billion, a P/E ratio of 22.20, a PEG ratio of 1.42 and a beta of 2.04.

Exchange Income Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were given a $0.22 dividend. The ex-dividend date was Thursday, October 31st. This represents a $2.64 annualized dividend and a yield of 4.91%. Exchange Income’s dividend payout ratio (DPR) is 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.