Exchange Income (TSE:EIF) Stock Price Passes Above 200-Day Moving Average - Here's Why

Key Points

• Exchange Income Co. (TSE:EIF) shares recently surpassed the 200-day moving average and last traded at C$70.31, indicating positive momentum in the stock.
• Analysts have raised their price targets for Exchange Income, with Raymond James Financial setting the new target at C$85.00 and a consensus target of C$79.68 across several brokerages.
• The company's dividend payout ratio is currently 100.38%, with a dividend of $0.22 per share announced to be paid on September 15th.

Shares of Exchange Income Co. (TSE:EIF - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$58.90 and traded as high as C$70.54. Exchange Income shares last traded at C$70.31, with a volume of 115,193 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts recently commented on EIF shares. ATB Capital upped their target price on Exchange Income from C$70.00 to C$81.00 and gave the company an "outperform" rating in a research report on Wednesday, August 13th. Royal Bank Of Canada boosted their price target on Exchange Income from C$74.00 to C$81.00 and gave the company an "outperform" rating in a research note on Wednesday, August 13th. Paradigm Capital raised their price objective on shares of Exchange Income from C$68.00 to C$82.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. Canaccord Genuity Group lifted their price objective on shares of Exchange Income from C$77.00 to C$80.00 and gave the company a "buy" rating in a research note on Wednesday, August 13th. Finally, Raymond James Financial increased 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. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Exchange Income presently has a consensus rating of "Buy" and a consensus target price of C$80.18.

Exchange Income Stock Up 0.7%

The company has a debt-to-equity ratio of 173.72, a current ratio of 1.76 and a quick ratio of 1.13. The company has a fifty day moving average price of C$69.27 and a 200 day moving average price of C$59.35. The company has a market cap of C$3.64 billion, a PE ratio of 26.93, a price-to-earnings-growth ratio of 1.42 and a beta of 0.88.

Exchange Income Dividend Announcement

The firm also recently disclosed a sep 25 dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 29th will be issued a $0.22 dividend. Exchange Income's dividend payout ratio (DPR) is currently 100.38%.

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.