Exchange Income (TSE:EIF) Sets New 12-Month High - Here's What Happened

Key Points

• Exchange Income Co. shares reached a new 52-week high of C$68.10, closing last at C$67.95 with a trading volume of 47,314 shares.
• Analyst ratings have improved, with Canaccord Genuity raising the price objective to C$77.00 and most analysts giving the stock a consensus rating of "Buy."
• The company announced a dividend of $0.22 per share to be paid on August 15th, with a dividend payout ratio of 103.42%.

Exchange Income Co. (TSE:EIF - Get Free Report) shares reached a new 52-week high on Friday . The company traded as high as C$68.10 and last traded at C$67.95, with a volume of 47314 shares. The stock had previously closed at C$67.48.

Analyst Ratings Changes

EIF has been the subject of a number of recent research reports. Canaccord Genuity Group increased their price objective on shares of Exchange Income from C$75.00 to C$77.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. National Bankshares boosted their target price on Exchange Income from C$73.00 to C$81.00 and gave the stock an "outperform" rating in a report on Thursday, July 3rd. Royal Bank Of Canada increased their target price on Exchange Income from C$64.00 to C$66.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. CIBC raised their price objective on shares of Exchange Income from C$69.00 to C$73.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Finally, Scotiabank increased their price target on shares of Exchange Income from C$64.00 to C$66.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of C$71.42.

Exchange Income Stock Performance

The stock has a market cap of C$3.37 billion, a P/E ratio of 26.49, a PEG ratio of 1.42 and a beta of 2.04. The stock has a fifty day simple moving average of C$62.57 and a 200-day simple moving average of C$55.80. The company has a quick ratio of 1.13, a current ratio of 1.76 and a debt-to-equity ratio of 173.72.

Exchange Income Announces Dividend

The company also recently disclosed a jul 25 dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 31st will be issued a dividend of $0.22 per share. Exchange Income's dividend payout ratio is currently 103.42%.

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.

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