Exchange Income Co. (TSE:EIF) Given Consensus Rating of "Buy" by Brokerages

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

EIF has been the topic of several research reports. Royal Bank Of Canada upped their price objective on shares of Exchange Income from C$64.00 to C$66.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Scotiabank upped their price objective on shares of Exchange Income from C$64.00 to C$66.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Desjardins upgraded shares of Exchange Income to a "moderate buy" rating and set a C$73.00 target price for the company in a report on Thursday, July 3rd. TD Securities increased their target price on shares of Exchange Income from C$68.00 to C$70.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. Finally, National Bankshares increased their target price on shares of Exchange Income from C$73.00 to C$81.00 and gave the company an "outperform" rating in a report on Thursday, July 3rd.

Exchange Income Stock Up 0.1%

Shares of Exchange Income stock traded up C$0.09 during trading on Friday, reaching C$66.00. 68,484 shares of the company traded hands, compared to its average volume of 109,281. The company has a debt-to-equity ratio of 173.72, a current ratio of 1.76 and a quick ratio of 1.13. The company has a 50 day moving average price of C$60.83 and a 200-day moving average price of C$55.06. Exchange Income has a 1-year low of C$45.00 and a 1-year high of C$68.01. The firm has a market capitalization of C$3.29 billion, a PE ratio of 25.86, a P/E/G ratio of 1.42 and a beta of 2.04.

Exchange Income Announces Dividend

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

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.