CIBC Boosts Exchange Income (TSE:EIF) Price Target to C$84.50

Exchange Income (TSE:EIF) had its target price boosted by investment analysts at CIBC from C$74.50 to C$84.50 in a research note issued on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. CIBC’s target price would indicate a potential upside of 14.78% from the stock’s previous close.

Other research analysts have also issued reports about the stock. BMO Capital Markets set a C$59.00 target price on shares of Exchange Income and gave the company a “market perform” rating in a report on Tuesday, July 15th. ATB Capital lifted their price objective on shares of Exchange Income from C$68.00 to C$70.00 and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. Scotiabank lifted their price objective on shares of Exchange Income from C$64.00 to C$66.00 and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. National Bankshares lifted their price objective on shares of Exchange Income from C$73.00 to C$81.00 and gave the stock an “outperform” rating in a research note on Thursday, July 3rd. Finally, Royal Bank Of Canada lifted their price objective on shares of Exchange Income from C$64.00 to C$66.00 and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Exchange Income presently has an average rating of “Buy” and an average price target of C$79.68.

Exchange Income Trading Down 1.8%

EIF stock opened at C$73.62 on Wednesday. The firm has a fifty day moving average price of C$64.02 and a 200 day moving average price of C$56.36. Exchange Income has a fifty-two week low of C$45.00 and a fifty-two week high of C$75.13. 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 firm has a market cap of C$3.67 billion, a PE ratio of 28.84, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04.

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.