Exchange Income Co. (EAST: EIF – Get a rating) the stock price rose above its 200-day moving average during Monday’s session. The stock has a 200-day moving average of C$42.77 and is trading as low as C$42.89. Exchange Income shares last traded at C$42.57, with a volume of 30,850 shares traded.
The EIF has been the subject of several analyst reports. Raymond James raised its price target on Exchange Income shares from C$55.00 to C$62.00 and gave the company a “strong buy” rating in a Friday, May 13 report. Canaccord Genuity Group raised its price target on Exchange Income shares from C$52.00 to C$58.00 in a Thursday, May 12 research note. Scotiabank upgraded Exchange Income shares from a “sector performance” rating to a “buy” rating and raised its target price for the stock from C$47.00 to $56.00 CA in a research note of Wednesday, May 11. ATB Capital raised its target price on shares of Exchange Income from C$57.00 to C$60.00 in a Thursday, May 12 research note. Finally, Royal Bank of Canada raised its price target on Exchange Income shares from C$52.00 to C$62.00 and gave the stock an “outperform” rating in a Tuesday research note. May 17. Eight analysts rated the stock with a buy rating and one gave the stock a strong buy rating. Based on data from MarketBeat.com, the company currently has a consensus buy rating and a consensus price target of C$55.86.
The stock’s 50-day simple moving average is C$43.66 and its 200-day simple moving average is C$42.77. The company has a market capitalization of C$1.65 billion and a PE ratio of 25.19. The company has a debt ratio of 169.47, a current ratio of 1.90 and a quick ratio of 1.04.
Foreign exchange income (EAST: EIF – Get a rating) last released its quarterly results on Tuesday, May 10. The company reported earnings per share (EPS) of C$0.20 for the quarter, beating consensus analyst estimates of C$0.10 by C$0.10. The company posted revenue of C$400.23 million in the quarter, compared to C$342.07 million expected by analysts. Analysts expect Exchange Income Co. to post earnings per share of 4.0599997 for the current year.
The company also recently disclosed a monthly dividend, which was paid on Wednesday, June 15. Shareholders of record on Tuesday, May 31 received a dividend of $0.20. The ex-dividend date was Monday, May 30. This represents a dividend of $2.40 on an annualized basis and a dividend yield of 5.64%. This is a positive change from Exchange Income’s previous monthly dividend of $0.19. Exchange Income’s dividend payout ratio is currently 134.91%.
Exchange Income Company Profile (EAST: EIF)
Exchange Income Corporation is engaged in aerospace and aircraft services and equipment and manufacturing businesses worldwide. It operates through two segments, Aerospace and Aviation and Manufacturing. The Aeronautics and Aviation segment provides scheduled air services and charter flights, as well as emergency medical services to communities located in Manitoba, Ontario, Nunavut, British Columbia and Alberta, as well as Newfoundland -and Labrador, Quebec, New Brunswick and Nova Scotia.
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