Exchange Income (TSE:EIF) Price Target Raised to C$84.00

Key Points

• TD Securities has raised its price target for Exchange Income (TSE:EIF) from C$70.00 to C$84.00, indicating a potential upside of 12.46% from the stock's previous close.
• Other analysts have also adjusted their price targets for Exchange Income, with targets ranging from C$66.00 to C$84.50, while the consensus price target is C$79.68.
• Exchange Income's stock traded up 2.0% to C$74.69 during trading hours, and its market cap is approximately C$3.73 billion.

Exchange Income (TSE:EIF - Free Report) had its price target upped by TD Securities from C$70.00 to C$84.00 in a research note released on Wednesday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

EIF has been the topic of a number of other reports. BMO Capital Markets set a C$59.00 price objective on Exchange Income and gave the stock a "market perform" rating in a research note on Tuesday, July 15th. ATB Capital upped their price target 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. CIBC increased their price objective on Exchange Income from C$74.50 to C$84.50 and gave the company an "outperform" rating in a research report on Wednesday, August 13th. Desjardins upped their target price on shares of Exchange Income from C$73.00 to C$84.00 and gave the company a "buy" rating in a research note on Wednesday, August 13th. Finally, Cormark increased their price target on shares of Exchange Income from C$67.00 to C$78.50 and gave the company a "buy" rating in a report on Thursday, July 31st. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Exchange Income has an average rating of "Buy" and an average target price of C$79.68.

Exchange Income Stock Up 0.9%

Shares of EIF traded up C$0.64 during mid-day trading on Wednesday, hitting C$73.51. 174,146 shares of the company's stock were exchanged, compared to its average volume of 112,207. Exchange Income has a twelve month low of C$45.00 and a twelve month high of C$75.13. The firm has a fifty day moving average of C$64.66 and a two-hundred day moving average of 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. The company has a quick ratio of 1.13, a current ratio of 1.76 and a debt-to-equity ratio of 173.72.

Exchange Income Dividend Announcement

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