Exchange Income Co. (TSE:EIF) – Equities research analysts at National Bank Financial cut their FY2018 earnings estimates for shares of Exchange Income in a note issued to investors on Wednesday. National Bank Financial analyst T. Johnson now expects that the company will post earnings of $2.44 per share for the year, down from their previous forecast of $2.55. National Bank Financial currently has a “Outperform” rating and a $44.00 target price on the stock.

Other equities research analysts have also issued reports about the company. TD Securities raised their price target on Exchange Income from C$42.00 to C$43.00 and gave the stock a “buy” rating in a research note on Friday, October 6th. Laurentian decreased their price target on Exchange Income from C$48.00 to C$47.00 in a research note on Monday, November 13th. Laurentian Bank of Canada decreased their price target on Exchange Income from C$48.00 to C$47.00 in a research note on Monday, November 13th. Raymond James Financial raised their price target on Exchange Income from C$48.00 to C$49.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, November 15th. Finally, Royal Bank of Canada raised their price target on Exchange Income from C$38.00 to C$39.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 15th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Exchange Income has an average rating of “Buy” and a consensus price target of C$43.50.

Shares of Exchange Income (TSE EIF) opened at C$35.09 on Friday. The stock has a market capitalization of $1,080.00, a P/E ratio of 17.03 and a beta of 0.71. Exchange Income has a one year low of C$25.80 and a one year high of C$42.63.

The company also recently announced a monthly dividend, which will be paid on Monday, January 15th. Shareholders of record on Sunday, December 31st will be given a dividend of $0.175 per share. This represents a $2.10 dividend on an annualized basis and a yield of 5.98%. The ex-dividend date of this dividend is Thursday, December 28th. Exchange Income’s dividend payout ratio (DPR) is presently 101.58%.

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Exchange Income Company Profile

Exchange Income Corporation is focused on opportunities in aerospace and aviation services and equipment, and manufacturing. The Company operates through two segments: Aviation and Manufacturing. The Aviation segment provides scheduled airline and charter service, and emergency medical services to communities located in Manitoba, Ontario and Nunavut.

Earnings History and Estimates for Exchange Income (TSE:EIF)

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