Exchange Income (TSE:EIF) Sets New 1-Year High on Analyst Upgrade

Exchange Income Co. (TSE:EIF) reached a new 52-week high on Thursday after Royal Bank Of Canada raised their price target on the stock from C$81.00 to C$85.00. Royal Bank Of Canada currently has an outperform rating on the stock. Exchange Income traded as high as C$76.67 and last traded at C$76.62, with a volume of 117744 shares trading hands. The stock had previously closed at C$74.88.

A number of other equities analysts have also recently issued reports on EIF. Ventum Financial set a C$81.00 target price on shares of Exchange Income and gave the stock a “buy” rating in a research report on Tuesday, September 16th. Cormark lifted their target price on shares of Exchange Income from C$67.00 to C$78.50 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Paradigm Capital lifted their target price on shares of Exchange Income from C$68.00 to C$82.00 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Scotiabank upped their price objective on Exchange Income from C$66.00 to C$80.00 and gave the company an “outperform” rating in a research report on Wednesday, August 13th. Finally, TD Securities upped their price objective on Exchange Income from C$70.00 to C$84.00 and gave the company a “buy” rating in a research report on Wednesday, August 13th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$81.11.

Exchange Income Stock Down 1.2%

The company has a debt-to-equity ratio of 173.72, a quick ratio of 1.13 and a current ratio of 1.76. The company has a market cap of C$3.90 billion, a PE ratio of 28.83, a PEG ratio of 1.42 and a beta of 0.76. The firm has a fifty day simple moving average of C$71.96 and a 200 day simple moving average of C$62.17.

Exchange Income Dividend Announcement

The firm also recently declared a sep 25 dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 29th will be issued a $0.22 dividend. Exchange Income’s dividend payout ratio (DPR) is 100.38%.

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.