Exchange Income (TSE:EIF) Sets New 12-Month High – Time to Buy?

Exchange Income Co. (TSE:EIF)’s share price reached a new 52-week high on Wednesday . The company traded as high as C$79.83 and last traded at C$79.83, with a volume of 12717 shares traded. The stock had previously closed at C$78.63.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on EIF. Royal Bank Of Canada set a C$94.00 target price on Exchange Income and gave the company an “outperform” rating in a research note on Tuesday. Scotiabank lifted their price objective on shares of Exchange Income from C$80.00 to C$90.00 in a research report on Monday, November 10th. BMO Capital Markets boosted their price objective on shares of Exchange Income from C$69.50 to C$80.00 in a research note on Monday, November 10th. National Bankshares upped their price objective on shares of Exchange Income from C$84.00 to C$88.00 in a research report on Monday, November 10th. Finally, TD Securities lifted their target price on shares of Exchange Income from C$70.00 to C$84.00 and gave the company a “buy” rating in a report on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$85.19.

Exchange Income Price Performance

The company has a 50-day simple moving average of C$75.71 and a 200-day simple moving average of C$68.48. The stock has a market cap of C$4.13 billion, a PE ratio of 29.13, a PEG ratio of 1.42 and a beta of 0.70. The company has a debt-to-equity ratio of 173.72, a current ratio of 1.76 and a quick ratio of 1.13.

Exchange Income (TSE:EIF) last issued its 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. Sell-side analysts anticipate that Exchange Income Co. will post 3.9962963 EPS for the current fiscal year.

Exchange Income Dividend Announcement

The business also recently announced a sep 25 dividend, which was paid on Wednesday, October 15th. Shareholders of record on Monday, September 29th were given a dividend of $0.22 per share. Exchange Income’s payout ratio is currently 95.65%.

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.