Exchange Income (TSE:EIF) Price Target Raised to C$90.00 at Raymond James Financial

Key Points

• Raymond James Financial has raised the price target for Exchange Income (TSE:EIF) from C$85.00 to C$90.00, indicating a potential upside of 22.65% from the stock's previous close.
• The company is rated as a "strong-buy" by Raymond James, with a consensus average rating of "buy" from multiple analysts.
• Exchange Income shares recently traded at C$73.38, with a 52-week range of C$45.00 to C$75.13, reflecting strong performance in the market.

Exchange Income (TSE:EIF - Get Free Report) had its price target upped by equities research analysts at Raymond James Financial from C$85.00 to C$90.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has a "strong-buy" rating on the stock. Raymond James Financial's price target points to a potential upside of 22.65% from the stock's previous close.

EIF has been the subject of a number of other reports. CIBC lifted their price target on Exchange Income from C$74.50 to C$84.50 and gave the stock an "outperform" rating in a report on Wednesday, August 13th. BMO Capital Markets upped their price objective on Exchange Income from C$65.50 to C$69.50 in a research note on Monday. Ventum Financial set a C$81.00 price objective on shares of Exchange Income and gave the company a "buy" rating in a research report on Tuesday, September 16th. Paradigm Capital raised their price target on 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, Canaccord Genuity Group raised their target price on Exchange Income from C$77.00 to C$80.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of C$80.82.

Exchange Income Trading Up 1.0%

Shares of TSE EIF traded up C$0.76 during trading on Wednesday, reaching C$73.38. The stock had a trading volume of 61,639 shares, compared to its average volume of 116,257. The business's 50-day moving average price is C$70.47 and its 200-day moving average price is C$60.88. Exchange Income has a fifty-two week low of C$45.00 and a fifty-two week high of C$75.13. 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 cap of C$3.78 billion, a P/E ratio of 27.90, a PEG ratio of 1.42 and a beta of 0.88.

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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