Exchange Income (TSE:EIF) Hits New 12-Month High - Should You Buy?

Key Points

• Exchange Income Co. (TSE:EIF) shares have reached a new 52-week high of C$76.67, reflecting a significant increase from their previous close of C$74.88.
• Multiple investment analysts have raised their price targets for EIF shares, with an average target price of C$80.82 and a consensus rating of "Buy."
• The company has announced a dividend of $0.22 per share, payable on October 15th, with a dividend payout ratio of 100.38%.

Exchange Income Co. (TSE:EIF - Get Free Report) shares reached a new 52-week high during trading on Thursday . The company traded as high as C$76.67 and last traded at C$76.62, with a volume of 117744 shares. The stock had previously closed at C$74.88.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on EIF shares. TD Securities lifted their price objective 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. BMO Capital Markets lifted their price objective on Exchange Income from C$65.50 to C$69.50 in a report on Monday, September 29th. Royal Bank Of Canada lifted their price objective on Exchange Income from C$74.00 to C$81.00 and gave the company an "outperform" rating in a report on Wednesday, August 13th. Desjardins lifted their price objective on Exchange Income from C$73.00 to C$84.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. Finally, Canaccord Genuity Group boosted their price target on Exchange Income from C$77.00 to C$80.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of C$80.82.

Exchange Income Price Performance

The company has a fifty day simple moving average of C$71.54 and a two-hundred day simple moving average of C$61.82. 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 company has a market capitalization of C$3.94 billion, a price-to-earnings ratio of 29.13, a P/E/G ratio of 1.42 and a beta of 0.76.

Exchange Income Announces Dividend

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.