Paradigm Capital Forecasts Strong Price Appreciation for Exchange Income (TSE:EIF) Stock

Key Points

• Paradigm Capital has raised its price target for Exchange Income (TSE:EIF) from C$68.00 to C$82.00, indicating a 9.79% potential upside from the stock's previous close.
• Several other brokerages have also increased their price targets, with CIBC setting theirs at C$84.50 and Desjardins at C$84.00, both giving the stock an "outperform" or "buy" rating.
• Exchange Income's shares increased by C$1.47 during trading, reaching a price of C$74.69, with an average trading volume of 111,340 shares.

Exchange Income (TSE:EIF - Get Free Report) had its price target increased by equities research analysts at Paradigm Capital from C$68.00 to C$82.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Paradigm Capital's price target suggests a potential upside of 9.79% from the stock's previous close.

A number of other brokerages have also recently weighed in on EIF. ATB Capital raised their price objective on shares of Exchange Income from C$70.00 to C$81.00 and gave the stock an "outperform" rating in a research note on Wednesday. CIBC raised their target price on shares of Exchange Income from C$74.50 to C$84.50 and gave the stock an "outperform" rating in a research report on Wednesday. Royal Bank Of Canada raised their target price on shares of Exchange Income from C$74.00 to C$81.00 and gave the stock an "outperform" rating in a research report on Wednesday. Desjardins raised 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 report on Wednesday. Finally, Canaccord Genuity Group raised their target price 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. One investment analyst has rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Exchange Income currently has a consensus rating of "Buy" and an average price target of C$79.68.

Exchange Income Price Performance

Shares of EIF traded up C$1.47 during mid-day trading on Wednesday, reaching C$74.69. 196,079 shares of the company's stock were exchanged, compared to its average volume of 111,340. The company has a quick ratio of 1.13, a current ratio of 1.76 and a debt-to-equity ratio of 173.72. The company has a 50-day simple moving average of C$63.30 and a two-hundred day simple moving average of C$56.11. Exchange Income has a 52-week low of C$45.00 and a 52-week high of C$75.13. The company has a market cap of C$3.73 billion, a price-to-earnings ratio of 29.26, a PEG ratio of 1.42 and a beta of 2.04.

About Exchange Income

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.

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