Exchange Income (TSE:EIF) Sets New 1-Year High - What's Next?

Shares of Exchange Income Co. (TSE:EIF - Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as C$59.37 and last traded at C$58.75, with a volume of 15209 shares traded. The stock had previously closed at C$58.58.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. TD Securities boosted their price objective on Exchange Income from C$68.00 to C$70.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. Canaccord Genuity Group boosted their price target on Exchange Income from C$75.00 to C$77.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. Royal Bank Of Canada raised 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 research report on Thursday, May 22nd. Scotiabank boosted their target price on shares of Exchange Income from C$64.00 to C$66.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Finally, ATB Capital raised their price target on shares of Exchange Income from C$68.00 to C$70.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Nine equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of C$70.50.

Exchange Income Trading Up 0.5%

The firm has a market cap of C$2.98 billion, a price-to-earnings ratio of 23.41, a P/E/G ratio of 1.42 and a beta of 2.04. The firm's 50-day moving average is C$55.17 and its 200-day moving average is C$53.85. The company has a current ratio of 1.76, a quick ratio of 1.13 and a debt-to-equity ratio of 173.72.

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.