Exchange Income (TSE:EIF) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Exchange Income Co. (TSE:EIF)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$50.25 and traded as high as C$56.00. Exchange Income shares last traded at C$55.50, with a volume of 121,797 shares changing hands.

Analyst Ratings Changes

A number of research firms have recently weighed in on EIF. Royal Bank of Canada upped their price target on shares of Exchange Income from C$65.00 to C$71.00 in a research note on Thursday, November 14th. TD Securities dropped their target price on Exchange Income from C$69.00 to C$67.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Canaccord Genuity Group lifted their price target on Exchange Income from C$70.00 to C$72.00 in a report on Tuesday, November 12th. Ventum Cap Mkts upgraded Exchange Income to a “strong-buy” rating in a report on Tuesday, November 5th. Finally, CIBC lifted their target price on shares of Exchange Income from C$66.00 to C$69.00 in a research note on Wednesday, December 4th. Six investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$69.00.

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 stock’s 50 day moving average price is C$55.55 and its two-hundred day moving average price is C$50.36. The firm has a market capitalization of C$2.68 billion, a price-to-earnings ratio of 23.30, a PEG ratio of 1.42 and a beta of 2.04.

Exchange Income Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a dividend of $0.22 per share. This represents a $2.64 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date was Thursday, October 31st. Exchange Income’s dividend payout ratio (DPR) 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.