Desjardins Forecasts Strong Price Appreciation for Exchange Income (TSE:EIF) Stock

Exchange Income (TSE:EIF) had its target price increased by research analysts at Desjardins from C$73.00 to C$84.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price target points to a potential upside of 14.10% from the company’s previous close.

Other research analysts have also issued research reports about the company. TD Securities boosted their target price on Exchange Income from C$68.00 to C$70.00 and gave the company a “buy” rating in a report on Thursday, May 22nd. Scotiabank boosted their target price on Exchange Income from C$64.00 to C$66.00 and gave the company an “outperform” rating in a report on Thursday, May 22nd. Raymond James Financial boosted their target price on Exchange Income from C$80.00 to C$85.00 and gave the company a “strong-buy” rating in a report on Wednesday. BMO Capital Markets set a C$59.00 target price on Exchange Income and gave the company a “market perform” rating in a report on Tuesday, July 15th. Finally, Canaccord Genuity Group boosted their target price on Exchange Income from C$77.00 to C$80.00 and gave the company a “buy” rating in a report on Wednesday. One analyst has rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Exchange Income currently has a consensus rating of “Buy” and a consensus price target of C$79.68.

Exchange Income Trading Down 1.8%

TSE:EIF opened at C$73.62 on Wednesday. The firm has a market cap of C$3.67 billion, a P/E ratio of 28.84, a PEG ratio of 1.42 and a beta of 2.04. The company has a current ratio of 1.76, a quick ratio of 1.13 and a debt-to-equity ratio of 173.72. The stock’s 50 day simple moving average is C$64.02 and its 200-day simple moving average is C$56.36. Exchange Income has a 12-month low of C$45.00 and a 12-month high of C$75.13.

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.