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

Key Points

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

A number of equities research analysts have issued reports on the company. BMO Capital Markets increased 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 note on Wednesday, August 13th. Scotiabank raised their price objective 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. Raymond James Financial raised their price objective on Exchange Income from C$80.00 to C$85.00 and gave the company a "strong-buy" rating in a research report on Wednesday, August 13th. Canaccord Genuity Group raised their price objective on Exchange Income from C$77.00 to C$80.00 and gave the company a "buy" rating in a research report on Wednesday, August 13th. Finally, Paradigm Capital raised their price objective on Exchange Income from C$68.00 to C$82.00 and gave the company a "buy" rating in a research report on Wednesday, August 13th.

Exchange Income Trading Up 0.9%

Shares of EIF stock opened at C$73.51 on Tuesday. Exchange Income has a 52-week low of C$45.00 and a 52-week high of C$75.13. The company has a debt-to-equity ratio of 173.72, a quick ratio of 1.13 and a current ratio of 1.76. The firm has a market capitalization of C$3.67 billion, a PE ratio of 28.80, a PEG ratio of 1.42 and a beta of 2.04. The stock has a fifty day simple moving average of C$64.66 and a two-hundred day simple moving average of C$56.60.

Exchange Income Announces Dividend

The company also recently declared a aug 25 dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be issued a $0.22 dividend. Exchange Income's payout ratio is 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.

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