Exchange Income (TSE:EIF) Reaches New 1-Year High – Here’s What Happened

Exchange Income Co. (TSE:EIF) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$80.76 and last traded at C$80.73, with a volume of 40204 shares traded. The stock had previously closed at C$79.85.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Raymond James Financial lifted their price objective on shares of Exchange Income from C$90.00 to C$92.00 in a report on Monday, November 10th. National Bankshares lifted their price target on shares of Exchange Income from C$84.00 to C$88.00 in a report on Monday, November 10th. Canaccord Genuity Group increased their price objective on shares of Exchange Income from C$77.00 to C$80.00 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. 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, November 25th. Finally, TD Securities upped their target price on 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 investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Exchange Income presently has an average rating of “Buy” and an average target price of C$85.19.

Exchange Income Stock Down 1.2%

The stock has a market cap of C$4.10 billion, a P/E ratio of 28.96, a P/E/G ratio of 1.42 and a beta of 0.70. The firm has a 50 day simple moving average of C$76.86 and a two-hundred day simple moving average of C$69.45. The company has a debt-to-equity ratio of 173.72, a quick ratio of 1.13 and a current ratio of 1.76.

Exchange Income (TSE:EIF) last announced its earnings results on Friday, November 7th. The company reported C$1.46 earnings per share (EPS) for the quarter. The firm had revenue of C$959.74 million during the quarter. Exchange Income had a net margin of 4.64% and a return on equity of 9.73%. Equities research analysts predict that Exchange Income Co. will post 3.9962963 earnings per share for the current year.

Exchange Income Dividend Announcement

The firm also recently announced a sep 25 dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 29th were issued a dividend of $0.22 per share. Exchange Income’s payout ratio is 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.