Exchange Income (TSE:EIF) Price Target Raised to C$81.00

Key Points

• Royal Bank of Canada has raised the price target for Exchange Income (TSE:EIF) from C$74.00 to C$81.00, indicating a potential upside of 8.45% from its current price.
• Several other analysts have also increased their price targets, with CIBC setting a target of C$84.50 and Raymond James Financial reaching C$85.00, all maintaining an "outperform" or "buy" rating.
• Exchange Income shares recently traded at C$74.69, up 2.0%, with a market capitalization of C$3.73 billion and a significant debt-to-equity ratio of 173.72.

Exchange Income (TSE:EIF - Free Report) had its price objective increased by Royal Bank Of Canada from C$74.00 to C$81.00 in a research report sent to investors on Wednesday,BayStreet.CA reports. Royal Bank Of Canada currently has an outperform rating on the stock.

EIF has been the topic of a number of other reports. National Bankshares boosted their target price on Exchange Income from C$71.00 to C$84.00 and gave the stock an "outperform" rating in a report on Wednesday, August 13th. Scotiabank lifted their price objective on shares of Exchange Income from C$66.00 to C$80.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 13th. Raymond James Financial raised their target price on shares of Exchange Income from C$80.00 to C$85.00 and gave the stock a "strong-buy" rating in a research note on Wednesday, August 13th. BMO Capital Markets upped their price target on shares of Exchange Income from C$59.00 to C$65.50 and gave the company a "market perform" rating in a research note on Wednesday, August 13th. Finally, Desjardins raised their price objective on shares of 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. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of C$79.68.

Exchange Income Stock Performance

TSE EIF traded up C$0.64 during trading on Wednesday, reaching C$73.51. 174,146 shares of the company's stock were exchanged, compared to its average volume of 112,207. The business has a 50 day moving average price of C$64.66 and a 200-day moving average price of C$56.60. The stock has a market capitalization of C$3.67 billion, a P/E ratio of 28.80, a PEG ratio of 1.42 and a beta of 2.04. 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 has a fifty-two week low of C$45.00 and a fifty-two week high of C$75.13.

Exchange Income Announces Dividend

The business also recently declared a aug 25 dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid a $0.22 dividend. Exchange Income's dividend payout ratio (DPR) 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.