Exchange Income Co. (TSE:EIF) Receives C$79.68 Average Price Target from Analysts

Key Points

• Exchange Income Co. has received an average recommendation of "Buy" from fifteen brokerages, with twelve analysts assigning a buy rating and two giving a strong buy rating.
• The average target price for Exchange Income shares is C$79.68, with several analysts recently raising their target prices significantly, including a rise to C$85.00 from Raymond James Financial.
• The company declared a $0.22 per share dividend to be paid to investors on September 15th, with a current payout ratio of 100.38%.

Exchange Income Co. (TSE:EIF - Get Free Report) has earned a consensus rating of "Buy" from the fifteen ratings firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation, twelve have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is C$79.68.

A number of brokerages have weighed in on EIF. National Bankshares boosted their price target on Exchange Income from C$71.00 to C$84.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 13th. Cormark boosted their price target on Exchange Income from C$67.00 to C$78.50 and gave the stock a "buy" rating in a research report on Thursday, July 31st. ATB Capital boosted their price target on Exchange Income from C$70.00 to C$81.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 13th. BMO Capital Markets boosted their price target on Exchange Income from C$59.00 to C$65.50 and gave the stock a "market perform" rating in a research report on Wednesday, August 13th. Finally, Scotiabank upped their target price on Exchange Income from C$66.00 to C$80.00 and gave the company an "outperform" rating in a research report on Wednesday, August 13th.

Exchange Income Stock Down 0.5%

EIF traded down C$0.37 on Friday, hitting C$69.94. 159,407 shares of the company were exchanged, compared to its average volume of 112,150. The stock's fifty day moving average is C$69.20 and its 200-day moving average is C$59.27. The company has a market cap of C$3.60 billion, a PE ratio of 26.59, a PEG ratio of 1.42 and a beta of 0.88. 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 has a 12 month low of C$45.00 and a 12 month high of C$75.13.

Exchange Income Announces Dividend

The company also recently announced a aug 25 dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be given 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.