Analysts Set Exchange Income Co. (TSE:EIF) Price Target at C$79.68

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Exchange Income Co. (TSE:EIF - Get Free Report) has earned a consensus rating of "Buy" from the fifteen research firms that are currently covering the company, Marketbeat.com reports. One investment 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 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$79.68.

EIF has been the subject of a number of research analyst reports. TD Securities increased their target price on Exchange Income from C$70.00 to C$84.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. National Bankshares increased their price target on Exchange Income from C$71.00 to C$84.00 and gave the company an "outperform" rating in a report on Wednesday, August 13th. Royal Bank Of Canada increased their price objective on Exchange Income from C$74.00 to C$81.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 13th. Desjardins raised their price target on Exchange Income from C$73.00 to C$84.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. Finally, BMO Capital Markets raised 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.

Exchange Income Stock Performance

Shares of EIF stock traded up C$1.05 on Tuesday, hitting C$73.55. The company had a trading volume of 112,359 shares, compared to its average volume of 111,816. The firm has a market cap of C$3.67 billion, a P/E ratio of 28.81, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04. The company has a 50-day moving average price of C$65.88 and a 200-day moving average price of C$57.11. The company has a quick ratio of 1.13, a current ratio of 1.76 and a debt-to-equity ratio of 173.72. Exchange Income has a twelve month low of C$45.00 and a twelve month high of C$75.13.

Exchange Income Dividend Announcement

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 issued a $0.22 dividend. Exchange Income's payout ratio is currently 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.