National Bankshares Forecasts Strong Price Appreciation for Exchange Income (TSE:EIF) Stock

Exchange Income (TSE:EIF) had its target price increased by National Bankshares from C$61.00 to C$68.00 in a research report report published on Monday morning,BayStreet.CA reports.

Several other equities analysts have also recently issued reports on EIF. CIBC boosted their target price on shares of Exchange Income from C$61.50 to C$62.50 and gave the company an “outperform” rating in a research note on Monday, August 12th. Ventum Cap Mkts upgraded shares of Exchange Income to a “strong-buy” rating in a research report on Tuesday, November 5th. Ventum Financial set a C$74.00 target price on Exchange Income and gave the company a “buy” rating in a research report on Tuesday, November 5th. Canaccord Genuity Group upped their price target on Exchange Income from C$68.00 to C$70.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, ATB Capital increased their price target on Exchange Income from C$66.00 to C$67.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Seven equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Exchange Income currently has a consensus rating of “Buy” and an average target price of C$68.28.

Exchange Income Trading Up 0.7 %

Shares of TSE:EIF opened at C$56.48 on Monday. The company has a current ratio of 1.77, a quick ratio of 1.13 and a debt-to-equity ratio of 171.03. Exchange Income has a 12-month low of C$43.08 and a 12-month high of C$57.69. The business has a 50 day moving average of C$52.92 and a two-hundred day moving average of C$48.82. The company has a market capitalization of C$2.68 billion, a PE ratio of 23.34, a PEG ratio of 1.42 and a beta of 2.04.

Exchange Income Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be given a dividend of $0.22 per share. This represents a $2.64 annualized dividend and a dividend yield of 4.67%. The ex-dividend date of this dividend is Thursday, October 31st. 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.