Exchange Income (TSE:EIF) Stock Price Crosses Above 200 Day Moving Average - What's Next?

Key Points

• Exchange Income Co. shares have risen above their 200-day moving average, reaching a recent price of C$73.45, indicating positive momentum.
• Several analysts have raised their price targets for Exchange Income, with a consensus target price now at C$79.68, and a consensus rating of "Buy".
• The company has announced a dividend of $0.22, set to be paid on September 15th, with a payout ratio currently exceeding 100%.

Exchange Income Co. (TSE:EIF - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$57.38 and traded as high as C$73.54. Exchange Income shares last traded at C$73.45, with a volume of 95,563 shares.

Analysts Set New Price Targets

A number of research firms recently commented on EIF. Royal Bank Of Canada lifted their price target on shares of Exchange Income from C$74.00 to C$81.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 13th. Desjardins lifted their price target 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. Raymond James Financial boosted their price objective on shares of Exchange Income from C$80.00 to C$85.00 and gave the company a "strong-buy" rating in a research report on Wednesday, August 13th. National Bankshares boosted their price objective on shares of Exchange Income from C$71.00 to C$84.00 and gave the company an "outperform" rating in a research report on Wednesday, August 13th. Finally, BMO Capital Markets boosted their price objective on shares of Exchange Income from C$59.00 to C$65.50 and gave the company a "market perform" rating in a research report on Wednesday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, Exchange Income has a consensus rating of "Buy" and an average target price of C$79.68.

Exchange Income Price Performance

The firm's 50-day moving average price is C$67.62 and its two-hundred day moving average price is C$57.96. The stock has a market cap of C$3.68 billion, a PE ratio of 27.29, a PEG ratio of 1.42 and a beta of 0.85. The company has a current ratio of 1.76, a quick ratio of 1.13 and a debt-to-equity ratio of 173.72.

Exchange Income Dividend Announcement

The firm also recently declared a aug 25 dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be given a $0.22 dividend. Exchange Income's payout ratio is presently 100.38%.

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.