Exchange Income (TSE:EIF) Hits New 12-Month High - Here's Why

Key Points

• Exchange Income Co. (TSE:EIF) shares reached a new 52-week high of C$75.18, reflecting significant trading volume of 77,290 shares.
• Analysts have upgraded their price targets for Exchange Income, with Raymond James setting the highest at C$90.00 and an overall average target of C$80.82.
• The company announced a dividend of $0.22 per share to be paid on October 15th, with a current dividend payout ratio of 100.38%.

Exchange Income Co. (TSE:EIF - Get Free Report) shares reached a new 52-week high during trading on Friday . The stock traded as high as C$75.18 and last traded at C$75.18, with a volume of 77290 shares trading hands. The stock had previously closed at C$74.17.

Analyst Ratings Changes

A number of equities analysts have weighed in on EIF shares. Raymond James Financial lifted their price target on shares of Exchange Income from C$85.00 to C$90.00 and gave the company a "strong-buy" rating in a report on Wednesday. BMO Capital Markets increased their target price on shares of Exchange Income from C$65.50 to C$69.50 in a research report on Monday. Royal Bank Of Canada raised their price objective on Exchange Income from C$74.00 to C$81.00 and gave the company an "outperform" rating in a research report on Wednesday, August 13th. Desjardins boosted 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, Ventum Financial set a C$81.00 price objective on shares of Exchange Income and gave the company a "buy" rating in a research report on Tuesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, Exchange Income currently has an average rating of "Buy" and an average price target of C$80.82.

Exchange Income Stock Performance

The company has a fifty day moving average price of C$70.97 and a two-hundred day moving average price of C$61.31. The firm has a market cap of C$3.87 billion, a price-to-earnings ratio of 28.62, a price-to-earnings-growth ratio of 1.42 and a beta of 0.88. The company has a debt-to-equity ratio of 173.72, a current ratio of 1.76 and a quick ratio of 1.13.

Exchange Income Dividend Announcement

The firm also recently announced a sep 25 dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 29th will be paid a dividend of $0.22 per share. Exchange Income's dividend payout ratio (DPR) is presently 100.38%.

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.

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