Exchange Income (TSE:EIF) Given New C$81.00 Price Target at ATB Capital

Key Points

• ATB Capital has raised the target price for Exchange Income (TSE:EIF) from C$70.00 to C$81.00, indicating an 8.45% potential upside from its previous close.
• Multiple analysts, including TD Securities and Royal Bank of Canada, also increased their price targets for Exchange Income, with most giving it a "buy" or "outperform" rating.
• The stock reached C$74.69 during trading, reflecting an upward trend, and has a market capitalization of C$3.73 billion.

Exchange Income (TSE:EIF - Get Free Report) had its target price boosted by analysts at ATB Capital from C$70.00 to C$81.00 in a research report issued on Wednesday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. ATB Capital's price objective points to a potential upside of 10.19% from the company's previous close.

Other equities analysts have also issued research reports about the company. National Bankshares lifted their price target on Exchange Income from C$71.00 to C$84.00 and gave the company an "outperform" rating in a research note on Wednesday, August 13th. Scotiabank lifted their target price on Exchange Income from C$66.00 to C$80.00 and gave the company an "outperform" rating in a research report on Wednesday, August 13th. CIBC boosted their target price on Exchange Income from C$74.50 to C$84.50 and gave the stock an "outperform" rating in a research note 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 note on Thursday, July 31st. Finally, BMO Capital Markets lifted 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 report on Wednesday, August 13th. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Exchange Income presently has a consensus rating of "Buy" and a consensus target price of C$79.68.

Exchange Income Price Performance

EIF traded up C$0.64 during trading on Wednesday, hitting C$73.51. 174,146 shares of the stock traded hands, compared to its average volume of 112,207. The business has a 50 day moving average price of C$64.66 and a 200 day moving average price of C$56.60. 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 has a twelve month low of C$45.00 and a twelve month high of C$75.13. The company has a market cap of C$3.67 billion, a price-to-earnings ratio of 28.80, a PEG ratio of 1.42 and a beta of 2.04.

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.