Exchange Income Co. (TSE:EIF) Receives Average Rating of "Buy" from Brokerages

Shares of Exchange Income Co. (TSE:EIF - Get Free Report) have been given a consensus rating of "Buy" by the twelve ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$70.83.

EIF has been the topic of several recent research reports. Desjardins upgraded Exchange Income to a "moderate buy" rating and set a C$73.00 price objective on the stock in a research report on Thursday, July 3rd. CIBC lifted their price target on shares of Exchange Income from C$69.00 to C$73.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. TD Securities lifted their price target on shares of Exchange Income from C$68.00 to C$70.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Royal Bank Of Canada boosted their price target on shares of Exchange Income from C$64.00 to C$66.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Finally, Canaccord Genuity Group boosted their price target on shares of Exchange Income from C$75.00 to C$77.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd.

Exchange Income Price Performance

Shares of Exchange Income stock traded down C$0.22 during trading on Friday, hitting C$65.78. 24,580 shares of the stock traded hands, compared to its average volume of 108,677. The company has a quick ratio of 1.13, a current ratio of 1.76 and a debt-to-equity ratio of 173.72. The stock has a market cap of C$3.28 billion, a price-to-earnings ratio of 25.77, a PEG ratio of 1.42 and a beta of 2.04. The firm's fifty day moving average is C$60.99 and its 200-day moving average is C$55.08. Exchange Income has a 52 week low of C$45.00 and a 52 week high of C$68.01.

Exchange Income Dividend Announcement

The company also recently announced a jul 25 dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 31st will be paid a $0.22 dividend. Exchange Income's payout ratio is 103.42%.

About Exchange Income

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.