Exchange Income Co. (TSE:EIF) Given Average Recommendation of "Buy" by Brokerages

Key Points

• Exchange Income Co. (TSE:EIF) has received an average analyst recommendation of "Buy" from fifteen analysts, with twelve rating it as a buy and two as a strong buy.
• The average twelve-month price target set by analysts for Exchange Income is C$80.82, with several firms, including Desjardins and CIBC, recently raising their price targets significantly.
• The company announced a dividend of $0.22 per share, to be paid on October 15th, with a payout ratio of 100.38%.

Exchange Income Co. (TSE:EIF - Get Free Report) has been given an average recommendation of "Buy" by the fifteen analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$80.82.

A number of analysts have weighed in on EIF shares. BMO Capital Markets increased their target price on Exchange Income from C$65.50 to C$69.50 in a research note on Monday, September 29th. Desjardins increased their target price on Exchange Income from C$73.00 to C$84.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. Ventum Financial set a C$81.00 target price on Exchange Income and gave the stock a "buy" rating in a research note on Tuesday, September 16th. CIBC increased their target price on Exchange Income from C$74.50 to C$84.50 and gave the stock an "outperform" rating in a research note on Wednesday, August 13th. Finally, National Bankshares increased their target price on Exchange Income from C$71.00 to C$84.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 13th.

Exchange Income Stock Performance

TSE:EIF opened at C$74.88 on Wednesday. The stock's fifty day moving average is C$71.33 and its 200 day moving average is C$61.72. Exchange Income has a fifty-two week low of C$45.00 and a fifty-two week high of C$75.39. The firm has a market capitalization of C$3.85 billion, a PE ratio of 28.47, a PEG ratio of 1.42 and a beta of 0.76. The company has a debt-to-equity ratio of 173.72, a quick ratio of 1.13 and a current ratio of 1.76.

Exchange Income Dividend Announcement

The firm also recently announced a sep 25 dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 29th will be paid a $0.22 dividend. Exchange Income's payout ratio is 100.38%.

Exchange Income Company Profile

Exchange Income Corp is a diversified acquisition-oriented corporation focused on opportunities in two sectors, aerospace, aviation services and equipment, and manufacturing. The business plan of the corporation is to invest in profitable, well-established companies with strong cash flows operating in niche markets.

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