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
(
Get Free Report)
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
Before you consider Exchange Income, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Exchange Income wasn't on the list.
While Exchange Income currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access