Exchange Income Co. (TSE:EIF - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$54.93 and traded as high as C$66.27. Exchange Income shares last traded at C$65.59, with a volume of 73,667 shares trading hands.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on EIF shares. Desjardins upgraded Exchange Income to a "moderate buy" rating and set a C$73.00 price objective for the company in a research report on Thursday, July 3rd. Canaccord Genuity Group upped their price target on shares of Exchange Income from C$75.00 to C$77.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. BMO Capital Markets set a C$59.00 price objective on shares of Exchange Income and gave the stock a "market perform" rating in a research report on Tuesday, July 15th. TD Securities raised their price objective on shares of Exchange Income from C$68.00 to C$70.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. Finally, ATB Capital boosted their price objective on shares of Exchange Income from C$68.00 to C$70.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of C$70.83.
View Our Latest Research Report on Exchange Income
Exchange Income Stock Up 0.1%
The firm's 50 day simple moving average is C$60.99 and its 200-day simple moving average is C$55.10. 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 stock has a market capitalization of C$3.29 billion, a price-to-earnings ratio of 25.86, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04.
Exchange Income Dividend Announcement
The business also recently announced a jul 25 dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 31st will be given a $0.22 dividend. Exchange Income's dividend payout ratio is currently 103.42%.
Exchange Income Company Profile
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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.
Further Reading
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