Raymond James Financial Forecasts Strong Price Appreciation for Exchange Income (TSE:EIF) Stock

Key Points

• Raymond James Financial has raised its target price for Exchange Income (TSE:EIF) from C$80.00 to C$85.00, indicating a potential upside of 13.80%.
• Other analysts, including Scotiabank and TD Securities, have also increased their price targets for Exchange Income, reflecting strong positive sentiment toward the stock.
• Exchange Income has a current consensus rating of "Buy" from analysts, with a price target averaging around C$79.68.

Exchange Income (TSE:EIF - Get Free Report) had its target price raised by equities research analysts at Raymond James Financial from C$80.00 to C$85.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage presently has a "strong-buy" rating on the stock. Raymond James Financial's price objective indicates a potential upside of 13.80% from the stock's current price.

Other analysts also recently issued reports about the stock. Scotiabank lifted their price objective on shares of Exchange Income from C$64.00 to C$66.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. BMO Capital Markets set a C$59.00 price objective on shares of Exchange Income and gave the company a "market perform" rating in a research report on Tuesday, July 15th. TD Securities lifted their price objective on shares of Exchange Income from C$68.00 to C$70.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. ATB Capital lifted their price objective on shares of Exchange Income from C$68.00 to C$70.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Finally, Canaccord Genuity Group raised their target price on shares of Exchange Income from C$75.00 to C$77.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. One research analyst has rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Exchange Income currently has a consensus rating of "Buy" and a consensus price target of C$79.68.

Exchange Income Stock Performance

TSE:EIF traded up C$1.47 during mid-day trading on Wednesday, hitting C$74.69. The stock had a trading volume of 196,079 shares, compared to its average volume of 111,340. The stock has a market capitalization of C$3.73 billion, a price-to-earnings ratio of 29.26, a P/E/G ratio of 1.42 and a beta of 2.04. The company has a 50 day simple moving average of C$63.30 and a 200-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 current ratio of 1.76, a quick ratio of 1.13 and a debt-to-equity ratio of 173.72.

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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