Paradigm Capital Issues Positive Forecast for Exchange Income (TSE:EIF) Stock Price

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 - Free Report) had its target price hoisted by Paradigm Capital from C$68.00 to C$82.00 in a report issued on Wednesday morning,BayStreet.CA reports. Paradigm Capital currently has a buy rating on the stock.

EIF has been the topic of a number of other research reports. BMO Capital Markets upped 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 research report on Wednesday, August 13th. National Bankshares upped their target price on 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. CIBC raised 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. ATB Capital lifted their target price on Exchange Income from C$70.00 to C$81.00 and gave the stock an "outperform" rating in a report on Wednesday, August 13th. Finally, Royal Bank Of Canada increased their price target on Exchange Income from C$74.00 to C$81.00 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 given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of C$79.68.

Exchange Income Trading Up 0.9%

Shares of TSE:EIF traded up C$0.64 during trading on Wednesday, reaching C$73.51. The stock had a trading volume of 174,146 shares, compared to its average volume of 112,207. Exchange Income has a 52 week low of C$45.00 and a 52 week high of C$75.13. 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 firm's fifty day moving average is C$64.66 and its 200 day moving average is C$56.60. The stock has a market cap of C$3.67 billion, a price-to-earnings ratio of 28.80, a P/E/G ratio of 1.42 and a beta of 2.04.

Exchange Income Announces Dividend

The company also recently announced a aug 25 dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be given a dividend of $0.22 per share. Exchange Income's payout ratio is 103.42%.

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.