Exchange Income (TSE:EIF) PT Set at C$81.00 by Ventum Financial

Key Points

• Ventum Financial has set a target price of C$81.00 for Exchange Income, indicating a potential upside of 15.76% from its current price.
• Multiple analysts have revised their price targets upwards, with Desjardins and CIBC setting targets between C$82.00 to C$84.50, while the average target is C$80.18.
• Exchange Income currently has a market capitalization of C$3.60 billion and is rated as "Buy" by 12 analysts, maintaining an average price-to-earnings ratio of 26.60.

Exchange Income (TSE:EIF - Get Free Report) received a C$81.00 price target from investment analysts at Ventum Financial in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. Ventum Financial's target price suggests a potential upside of 13.08% from the company's current price.

A number of other research analysts have also recently issued reports on EIF. Scotiabank boosted their price objective on shares of Exchange Income from C$66.00 to C$80.00 and gave the company an "outperform" rating in a report on Wednesday, August 13th. Canaccord Genuity Group boosted their price objective on shares of Exchange Income from C$77.00 to C$80.00 and gave the company a "buy" rating in a report 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 report on Wednesday, August 13th. TD Securities lifted their price target on shares of Exchange Income from C$70.00 to C$84.00 and gave the company a "buy" rating in a research note on Wednesday, August 13th. Finally, National Bankshares lifted their price target on shares of Exchange Income from C$71.00 to C$84.00 and gave the company an "outperform" rating in a research note on Wednesday, August 13th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of C$80.18.

Exchange Income Trading Up 1.1%

TSE EIF traded up C$0.78 during trading on Tuesday, reaching C$71.63. 151,770 shares of the stock traded hands, compared to its average volume of 113,028. The firm has a market cap of C$3.69 billion, a price-to-earnings ratio of 27.24, a price-to-earnings-growth ratio of 1.42 and a beta of 0.88. The stock's 50-day moving average price is C$69.43 and its 200 day moving average price is C$59.57. 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 has a fifty-two week low of C$45.00 and a fifty-two week high of C$75.13.

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.