Exchange Income (TSE:EIF) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Exchange Income Co. (TSE:EIF)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$48.17 and traded as high as C$55.23. Exchange Income shares last traded at C$54.91, with a volume of 87,777 shares changing hands.

Analyst Ratings Changes

Several analysts have weighed in on the company. ATB Capital upped their target price on Exchange Income from C$66.00 to C$67.00 and gave the company an “outperform” rating in a report on Monday, August 12th. TD Securities decreased their price objective on Exchange Income from C$69.00 to C$67.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. CIBC increased their price objective on 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. Finally, Canaccord Genuity Group increased their price objective on Exchange Income from C$68.00 to C$70.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Exchange Income currently has a consensus rating of “Buy” and an average target price of C$65.28.

Exchange Income Trading Down 0.4 %

The business has a 50 day simple moving average of C$51.81 and a 200-day simple moving average of C$48.26. The company has a current ratio of 1.77, a quick ratio of 1.13 and a debt-to-equity ratio of 171.03. The stock has a market capitalization of C$2.59 billion, a price-to-earnings ratio of 22.57, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04.

Exchange Income (TSE:EIF) last issued its quarterly earnings results on Thursday, August 8th. The company reported C$0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.78 by C$0.02. Exchange Income had a return on equity of 9.38% and a net margin of 4.44%. The firm had revenue of C$660.58 million for the quarter, compared to analyst estimates of C$677.10 million. On average, equities analysts predict that Exchange Income Co. will post 3.9962963 earnings per share for the current year.

Exchange Income Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be paid a $0.22 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date of this dividend is Thursday, October 31st. Exchange Income’s payout ratio 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.