National Bankshares Forecasts Strong Price Appreciation for Exchange Income (TSE:EIF) Stock

Key Points

• National Bankshares has raised its price target for Exchange Income (TSE:EIF) from C$71.00 to C$84.00, suggesting a potential upside of 12.46% from the current stock price.
• The average rating for Exchange Income is currently "Buy", with analysts issuing a combined price target ranging from C$70.00 to C$84.50 across multiple firms.
• Exchange Income's stock recently traded at C$74.69, reflecting an increase of C$1.47, alongside a market capitalization of C$3.73 billion.

Exchange Income (TSE:EIF - Free Report) had its price objective hoisted by National Bankshares from C$71.00 to C$84.00 in a research note published on Wednesday,BayStreet.CA reports. They currently have an outperform rating on the stock.

EIF has been the subject of several other research reports. Canaccord Genuity Group increased their price objective on shares of Exchange Income from C$77.00 to C$80.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. Desjardins upped their target price on shares of Exchange Income from C$73.00 to C$84.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. Cormark lifted their price target on 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. Royal Bank Of Canada upped their price objective on Exchange Income from C$64.00 to C$66.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Finally, CIBC increased their price objective on Exchange Income from C$74.50 to C$84.50 and gave the stock an "outperform" rating in a report on Wednesday, August 13th. One analyst has rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Exchange Income presently has an average rating of "Buy" and a consensus price target of C$79.68.

Exchange Income Stock Up 0.9%

TSE EIF traded up C$0.64 during trading hours on Wednesday, reaching C$73.51. 174,146 shares of the company's stock were exchanged, compared to its average volume of 112,207. The company has a debt-to-equity ratio of 173.72, a quick ratio of 1.13 and a current ratio of 1.76. The company has a market capitalization of C$3.67 billion, a price-to-earnings ratio of 28.80, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04. The company's 50-day moving average is C$64.66 and its two-hundred day moving average is C$56.60. Exchange Income has a one year low of C$45.00 and a one year high of C$75.13.

Exchange Income Announces Dividend

The business also recently declared a aug 25 dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be given a dividend of $0.22 per share. Exchange Income's dividend payout ratio (DPR) is presently 103.42%.

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.