Exchange Income (TSE:EIF) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Exchange Income Co. (TSE:EIF)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$67.72 and traded as high as C$78.10. Exchange Income shares last traded at C$78.01, with a volume of 107,825 shares traded.

Analyst Upgrades and Downgrades

EIF has been the subject of a number of recent analyst reports. Canaccord Genuity Group upped their price objective on Exchange Income from C$77.00 to C$80.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. Paradigm Capital increased their price target on shares of Exchange Income from C$68.00 to C$82.00 and gave the company a “buy” rating in a research report on Wednesday, August 13th. Raymond James Financial raised their price objective on shares of Exchange Income from C$90.00 to C$92.00 in a report on Monday, November 10th. ATB Capital boosted their target price on shares of Exchange Income from C$70.00 to C$81.00 and gave the company an “outperform” rating in a research note on Wednesday, August 13th. Finally, CIBC increased their target price on shares of Exchange Income from C$85.50 to C$93.00 in a research report on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$85.19.

Exchange Income Price Performance

The firm’s 50 day moving average price is C$75.16 and its two-hundred day moving average price is C$67.72. The company has a debt-to-equity ratio of 173.72, a current ratio of 1.76 and a quick ratio of 1.13. The stock has a market cap of C$4.00 billion, a PE ratio of 28.26, a P/E/G ratio of 1.42 and a beta of 0.70.

Exchange Income (TSE:EIF) last announced its quarterly earnings results on Friday, November 7th. The company reported C$1.24 EPS for the quarter. Exchange Income had a net margin of 4.64% and a return on equity of 9.73%. The company had revenue of C$959.74 million for the quarter. On average, research analysts expect that Exchange Income Co. will post 3.9962963 earnings per share for the current year.

Exchange Income Dividend Announcement

The business also recently declared a sep 25 dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 29th were given a $0.22 dividend. Exchange Income’s dividend payout ratio (DPR) is presently 95.65%.

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.