Exchange Income (TSE:EIF) Hits New 12-Month High - What's Next?

Exchange Income Co. (TSE:EIF - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$65.52 and last traded at C$65.51, with a volume of 16702 shares changing hands. The stock had previously closed at C$65.22.

Analyst Upgrades and Downgrades

EIF has been the topic of a number of research reports. ATB Capital upped their price target on Exchange Income from C$68.00 to C$70.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. CIBC increased their target price on Exchange Income from C$69.00 to C$73.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. TD Securities lifted their target price on Exchange Income from C$68.00 to C$70.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. Desjardins raised shares of Exchange Income to a "moderate buy" rating and set a C$73.00 price target on the stock in a research report on Thursday, July 3rd. Finally, Scotiabank lifted their price objective on shares of Exchange Income from C$64.00 to C$66.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Ten equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of C$71.91.

Exchange Income Price Performance

The company has a quick ratio of 1.13, a current ratio of 1.76 and a debt-to-equity ratio of 173.72. The stock has a fifty day moving average of C$57.94 and a 200-day moving average of C$54.41. The stock has a market capitalization of C$3.34 billion, a price-to-earnings ratio of 26.19, a P/E/G ratio of 1.42 and a beta of 2.04.

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.