Exchange Income (TSE:EIF) Raised to Moderate Buy at Desjardins

Exchange Income (TSE:EIF) was upgraded by equities researchers at Desjardins to a “moderate buy” rating in a research report issued on Thursday, Marketbeat.com reports. The brokerage presently has a C$73.00 target price on the stock. Desjardins’ price objective would indicate a potential upside of 11.93% from the stock’s current price.

Other equities analysts have also issued reports about the company. CIBC boosted their price objective on Exchange Income from C$69.00 to C$73.00 and gave the company an “outperform” rating in a research report on Thursday, May 22nd. TD Securities boosted their price objective on Exchange Income from C$68.00 to C$70.00 and gave the company a “buy” rating in a research report on Thursday, May 22nd. Royal Bank Of Canada boosted their price objective on Exchange Income from C$64.00 to C$66.00 and gave the company an “outperform” rating in a research report on Thursday, May 22nd. National Bankshares boosted their price objective on Exchange Income from C$73.00 to C$81.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, ATB Capital boosted their price objective on Exchange Income from C$68.00 to C$70.00 and gave the company an “outperform” rating in a research report on Thursday, May 22nd. Ten research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Exchange Income has an average rating of “Buy” and a consensus price target of C$71.91.

Exchange Income Price Performance

Exchange Income stock opened at C$65.22 on Thursday. The firm has a market capitalization of C$3.25 billion, a P/E ratio of 25.55, a PEG ratio of 1.42 and a beta of 2.04. Exchange Income has a 1 year low of C$44.90 and a 1 year high of C$65.34. The business has a 50-day moving average of C$57.32 and a 200-day moving average of C$54.27. The company has a current ratio of 1.76, a quick ratio of 1.13 and a debt-to-equity ratio of 173.72.

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.