Exchange Income (TSE:EIF) Stock Passes Above 200 Day Moving Average - What's Next?

Key Points

• Exchange Income Co. (TSE:EIF) shares have surpassed their 200-day moving average, indicating potential stock momentum, with a recent trading price of C$71.23.
• Wall Street analysts have boosted their price targets for Exchange Income, with new targets ranging from C$65.50 to C$84.00, and a consensus rating of "Buy."
• The company has announced a $0.22 dividend to be paid on September 15th, with a current dividend payout ratio of over 100%.

Exchange Income Co. (TSE:EIF - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$58.14 and traded as high as C$71.44. Exchange Income shares last traded at C$71.23, with a volume of 95,920 shares changing hands.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Paradigm Capital increased their price objective on Exchange Income from C$68.00 to C$82.00 and gave the stock a "buy" rating in a report on Wednesday, August 13th. CIBC boosted their price objective on Exchange Income from C$74.50 to C$84.50 and gave the company an "outperform" rating in a report on Wednesday, August 13th. National Bankshares lifted their price target on Exchange Income from C$71.00 to C$84.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 13th. BMO Capital Markets boosted their target price on Exchange Income from C$59.00 to C$65.50 and gave the stock a "market perform" rating in a report on Wednesday, August 13th. Finally, Royal Bank Of Canada upped their price objective on shares of 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. 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 company's stock. According to MarketBeat.com, Exchange Income has a consensus rating of "Buy" and an average target price of C$79.68.

Exchange Income Trading Down 0.0%

The stock has a market capitalization of C$3.67 billion, a P/E ratio of 27.13, a P/E/G ratio of 1.42 and a beta of 0.88. The company has a current ratio of 1.76, a quick ratio of 1.13 and a debt-to-equity ratio of 173.72. The business's fifty day simple moving average is C$68.45 and its two-hundred day simple moving average is C$58.48.

Exchange Income Dividend Announcement

The company also recently disclosed a aug 25 dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.22 per share. Exchange Income's payout ratio is 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.