Exchange Income (TSE:EIF) Price Target Raised to C$69.50 at BMO Capital Markets

Key Points

• BMO Capital Markets raised the price target for Exchange Income (TSE:EIF) from C$65.50 to C$69.50, indicating a potential downside of 3.93% from the previous close.
• Multiple analysts have issued positive price target increases for EIF, with reports from Canaccord Genuity, Scotiabank, and others now ranging from C$80.00 to C$85.00, reflecting a consensus rating of "Buy."
• The stock has shown strong performance recently, trading at C$72.34 with a market cap of C$3.72 billion and a twelve-month price range between C$45.00 and C$75.13.

Exchange Income (TSE:EIF - Get Free Report) had its price target hoisted by stock analysts at BMO Capital Markets from C$65.50 to C$69.50 in a research note issued on Monday,BayStreet.CA reports. BMO Capital Markets' price objective would suggest a potential downside of 3.93% from the company's previous close.

EIF has been the topic of a number of other reports. Canaccord Genuity Group boosted their price target on shares of Exchange Income from C$77.00 to C$80.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. Scotiabank boosted their target price on shares of Exchange Income from C$66.00 to C$80.00 and gave the company an "outperform" rating in a report on Wednesday, August 13th. Raymond James Financial boosted their target price on shares of Exchange Income from C$80.00 to C$85.00 and gave the company a "strong-buy" rating in a report on Wednesday, August 13th. Paradigm Capital boosted their target price on shares of Exchange Income from C$68.00 to C$82.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. Finally, ATB Capital boosted their target price on shares of Exchange Income from C$70.00 to C$81.00 and gave the company an "outperform" rating in a report on Wednesday, August 13th. Two equities research 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. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of C$80.46.

Exchange Income Price Performance

EIF traded up C$0.10 on Monday, reaching C$72.34. 60,306 shares of the company's stock were exchanged, compared to its average volume of 116,350. The stock has a market cap of C$3.72 billion, a PE ratio of 27.51, a P/E/G ratio of 1.42 and a beta of 0.88. Exchange Income has a twelve month low of C$45.00 and a twelve month high of C$75.13. The stock's fifty day moving average price is C$70.20 and its 200-day moving average price is C$60.64. The company has a debt-to-equity ratio of 173.72, a current ratio of 1.76 and a quick ratio of 1.13.

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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