Exchange Income (TSE:EIF) Price Target Raised to C$80.00

Key Points

• Scotiabank raised its price target for Exchange Income (TSE:EIF) from C$66.00 to C$80.00, maintaining an "outperform" rating, indicating a potential upside of 7.11% from the current price.
• Other firms, including CIBC and Raymond James Financial, also increased their price targets for the stock, with some reaching as high as C$85.00 and maintaining "outperform" or "strong-buy" ratings.
• The stock has a consensus rating of "Buy" and an average target price of approximately C$79.68, while it recently traded at C$74.69.

Exchange Income (TSE:EIF - Get Free Report) had its target price boosted by equities research analysts at Scotiabank from C$66.00 to C$80.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. Scotiabank's price objective would indicate a potential upside of 9.78% from the company's previous close.

Several other research analysts also recently weighed in on EIF. Canaccord Genuity Group upped their price objective on shares of Exchange Income from C$77.00 to C$80.00 and gave the stock a "buy" rating in a report on Wednesday. Cormark upped their target price on shares of Exchange Income from C$67.00 to C$78.50 and gave the company a "buy" rating in a research note on Thursday, July 31st. Desjardins increased their target price on shares of Exchange Income from C$73.00 to C$84.00 and gave the stock a "buy" rating in a report on Wednesday. ATB Capital raised their price target on Exchange Income from C$68.00 to C$70.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Finally, Raymond James Financial raised their price target on Exchange Income from C$80.00 to C$85.00 and gave the company a "strong-buy" rating in a research note on Wednesday. One analyst has rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of C$79.68.

Exchange Income Price Performance

Exchange Income stock traded down C$0.75 during trading hours on Wednesday, hitting C$72.87. 84,560 shares of the stock were exchanged, compared to its average volume of 111,813. Exchange Income has a 12 month low of C$45.00 and a 12 month high of C$75.13. The business's 50-day moving average is C$64.35 and its two-hundred day moving average is C$56.48. The stock has a market capitalization of C$3.64 billion, a P/E ratio of 28.55, a P/E/G ratio of 1.42 and a beta of 2.04. The company has a debt-to-equity ratio of 173.72, a quick ratio of 1.13 and a current ratio of 1.76.

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.