CIBC Issues Positive Forecast for Exchange Income (TSE:EIF) Stock Price

Exchange Income (TSE:EIF) had its target price hoisted by stock analysts at CIBC from C$85.50 to C$93.00 in a note issued to investors on Monday,BayStreet.CA reports. CIBC’s price target points to a potential upside of 23.42% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Desjardins increased their price target on shares of Exchange Income from C$73.00 to C$84.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. Cormark lifted their price target on Exchange Income from C$67.00 to C$78.50 and gave the stock a “buy” rating in a report on Thursday, July 31st. 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 note on Wednesday, August 13th. Scotiabank raised their price objective on Exchange Income from C$80.00 to C$90.00 in a research report on Monday. Finally, Paradigm Capital increased their price target on Exchange Income from C$68.00 to C$82.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Exchange Income currently has a consensus rating of “Buy” and an average price target of C$83.61.

Exchange Income Stock Down 2.6%

TSE EIF traded down C$2.05 during trading hours on Monday, hitting C$75.35. 179,120 shares of the company traded hands, compared to its average volume of 117,053. 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 business’s 50-day moving average is C$74.33 and its 200-day moving average is C$66.41. The stock has a market capitalization of C$3.88 billion, a price-to-earnings ratio of 28.65, a P/E/G ratio of 1.42 and a beta of 0.70. Exchange Income has a twelve month low of C$45.00 and a twelve month high of C$78.91.

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.