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

Key Points

• Exchange Income Co. (TSE:EIF) stock has recently crossed above its 200-day moving average, indicating a potential upward trend in its price.
• Wall Street analysts have given a consensus target price of C$71.42 for the stock, with most ratings being strong buy or buy, reflecting positive sentiment on its future performance.
• Exchange Income announced a dividend of $0.22 per share, with a payout ratio of 103.42%, highlighting its commitment to returning value to shareholders despite a high leveraged financial position.

Exchange Income Co. (TSE:EIF - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$55.80 and traded as high as C$67.53. Exchange Income shares last traded at C$67.48, with a volume of 99,405 shares.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on EIF shares. TD Securities raised their price target on Exchange Income from C$68.00 to C$70.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. CIBC lifted their price objective on Exchange Income from C$69.00 to C$73.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. ATB Capital lifted their price objective on Exchange Income from C$68.00 to C$70.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Royal Bank Of Canada lifted their price objective on Exchange Income from C$64.00 to C$66.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Finally, Desjardins upgraded Exchange Income to a "moderate buy" rating and set a C$73.00 price objective for the company in a report on Thursday, July 3rd. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of C$71.42.

Exchange Income Trading Up 5.2%

The stock has a fifty day moving average of C$62.98 and a 200-day moving average of C$56.00. 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 cap of C$3.57 billion, a PE ratio of 28.05, a PEG ratio of 1.42 and a beta of 2.04.

Exchange Income Dividend Announcement

The company also recently announced a jul 25 dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 31st will be issued a $0.22 dividend. Exchange Income's dividend payout ratio is 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.