Exchange Income (TSE:EIF) Stock Passes Above Two Hundred Day Moving Average - Here's What Happened

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%.

Shares of Exchange Income Co. (TSE:EIF - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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.

Analyst Ratings Changes

Several equities analysts have issued reports on EIF shares. Cormark raised their price objective on Exchange Income from C$67.00 to C$78.50 and gave the stock a "buy" rating in a report on Thursday, July 31st. ATB Capital raised their price target on Exchange Income from C$70.00 to C$81.00 and gave the stock an "outperform" rating in a report on Wednesday, August 13th. Scotiabank raised their price target on Exchange Income from C$66.00 to C$80.00 and gave the stock an "outperform" rating in a report on Wednesday, August 13th. TD Securities raised their price target on Exchange Income from C$70.00 to C$84.00 and gave the stock a "buy" rating in a report on Wednesday, August 13th. Finally, Royal Bank Of Canada raised their price target on Exchange Income from C$74.00 to C$81.00 and gave the stock an "outperform" rating in a report on Wednesday, August 13th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, Exchange Income currently has a consensus rating of "Buy" and an average price target of C$79.68.

Exchange Income Stock Performance

The stock's 50-day moving average is C$68.62 and its 200 day moving average is C$58.61. The stock has a market cap of C$3.61 billion, a price-to-earnings ratio of 26.66, a P/E/G ratio of 1.42 and a beta of 0.88. The company has a debt-to-equity ratio of 173.72, a current ratio of 1.76 and a quick ratio of 1.13.

Exchange Income Announces Dividend

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