Exchange Income (TSE:EIF) Hits New 52-Week High – Here’s What Happened

Shares of Exchange Income Co. (TSE:EIF – Get Your Free Report ) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $52.58 and last traded at $52.29, with a volume of 143841 shares traded. Shares previously closed at $50.86.

The Wall Street analyst weighs in

Several brokerage houses had an influence on FEI. Canaccord Genuity Group boosted their price objective on Exchange Income from $66.00 to $68.00 and gave the company a “buy” rating in a research report on Monday, August 12th. CIBC upped their target price on shares of Exchange Income from $61.50 to $62.50 and gave the company an “outperform” rating in a report on Monday, August 12th. TD Securities upped their target price on shares of Exchange Income from $65.00 to $69.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Finally, ATB Capital boosted their price objective on shares of Exchange Income from $66.00 to $67.00 and gave the company an “outperform” rating in a research report on Monday. August 12. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $65.28, based on data from MarketBeat.

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Trade income stock up 4.0%

The company’s fifty-day simple moving average is $49.07, and its 200-day simple moving average is $47.43. 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 firm has a market cap of $2.51 billion, a P/E ratio of 21.02, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04.

Exchange Income (TSE:EIF – Get Free Report ) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.78 by $0.02. Foreign exchange income had a net margin of 4.44% and a return on equity of 9.38%. The business had revenue of $660.58 million during the quarter, compared to analyst estimates of $677.10 million. Research analysts expect that Exchange Income Co. to record 3.993784 EPS for the current year.

Exchange Income Dividend Notice

The company also recently declared a monthly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 27th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, September 27. This represents an annualized dividend of $2.64 and a dividend yield of 4.99%. Exchange Income’s dividend payout ratio is currently 109.09%.

About the exchange income

(Get a free report)

Exchange Income Corporation, together with its subsidiaries, engages in aerospace and aviation equipment and services and manufacturing businesses worldwide. Aerospace & Aviation Company, and Manufacturing Segments. The Aerospace & Aviation segment offers fixed wing and rotary wing, medical evacuation, passenger, charter, cargo and ancillary services; and operates two flight schools and trains pilots.

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