Exchange Income (TSE:EIF) Stock Crosses Above 200-Day Moving Average - Should You Sell?

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 brokerages have commented on EIF. Raymond James Financial raised their price target on shares of Exchange Income from C$80.00 to C$85.00 and gave the company a "strong-buy" rating in a research report on Wednesday, August 13th. Desjardins raised their price target on shares of Exchange Income from C$73.00 to C$84.00 and gave the company a "buy" rating in a research report on Wednesday, August 13th. BMO Capital Markets raised 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 report on Wednesday, August 13th. Cormark raised their price target on shares of Exchange Income from C$67.00 to C$78.50 and gave the company a "buy" rating in a research report on Thursday, July 31st. Finally, Royal Bank Of Canada raised their price target on shares of Exchange Income from C$74.00 to C$81.00 and gave the company an "outperform" rating in a research report on Wednesday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Exchange Income has an average rating of "Buy" and a consensus price target of C$79.68.

Exchange Income Trading Up 0.1%

The firm has a market capitalization of C$3.62 billion, a PE ratio of 26.73, a PEG ratio of 1.42 and a beta of 0.88. The company's 50-day moving average price is C$69.01 and its 200-day moving average price is C$58.90. 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 Dividend Announcement

The company also recently disclosed a aug 25 dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be given a dividend of $0.22 per share. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.