Cormark Forecasts Strong Price Appreciation for Exchange Income (TSE:EIF) Stock

Key Points

• Cormark raised the price target for Exchange Income (TSE:EIF) from C$67.00 to C$78.50, indicating a potential upside of 18.98% from its previous close.
• Other brokerages also upgraded their ratings on EIF, with National Bankshares setting a new price objective of C$81.00 and Desjardins at C$73.00.
• Exchange Income has a market cap of C$3.29 billion and a current stock price of C$65.98, with a 52-week high of C$68.01.

Exchange Income (TSE:EIF - Free Report) had its price target upped by Cormark from C$67.00 to C$78.50 in a research report report published on Thursday morning,BayStreet.CA reports. They currently have a buy rating on the stock. Cormark also issued estimates for Exchange Income's FY2025 earnings at $3.79 EPS and FY2026 earnings at $4.59 EPS.

Several other equities analysts have also recently weighed in on the company. Desjardins raised Exchange Income to a "moderate buy" rating and set a C$73.00 target price on the stock in a research note on Thursday, July 3rd. National Bankshares lifted their price target on Exchange Income from C$73.00 to C$81.00 and gave the company an "outperform" rating in a report on Thursday, July 3rd. Canaccord Genuity Group lifted their price target on Exchange Income from C$75.00 to C$77.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. BMO Capital Markets set a C$59.00 price target on Exchange Income and gave the company a "market perform" rating in a report on Tuesday, July 15th. Finally, CIBC lifted their price target on Exchange Income from C$69.00 to C$73.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of C$71.42.

Exchange Income Stock Up 0.6%

TSE:EIF traded up C$0.41 on Thursday, hitting C$65.99. 88,248 shares of the company's stock traded hands, compared to its average volume of 109,213. 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 has a 1 year low of C$45.00 and a 1 year high of C$68.01. The firm has a 50-day moving average price of C$61.84 and a 200-day moving average price of C$55.48. The company has a market cap of C$3.29 billion, a PE ratio of 25.85, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04.

Exchange Income Dividend Announcement

The firm also recently declared a jul 25 dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 31st will be given a $0.22 dividend. Exchange Income's dividend payout ratio is currently 103.42%.

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.