Exchange Income (TSE:EIF) Sets New 52-Week High Following Analyst Upgrade

Exchange Income Co. (TSE:EIF) reached a new 52-week high during trading on Thursday after Paradigm Capital raised their price target on the stock from C$68.00 to C$82.00. Paradigm Capital currently has a buy rating on the stock. Exchange Income traded as high as C$75.13 and last traded at C$74.98, with a volume of 276696 shares trading hands. The stock had previously closed at C$73.22.

Other research analysts have also issued reports about the stock. Desjardins boosted their price target on shares of Exchange Income from C$73.00 to C$84.00 and gave the stock a “buy” rating in a research note on Wednesday. CIBC boosted their price target on shares of Exchange Income from C$74.50 to C$84.50 and gave the stock an “outperform” rating in a research note on Wednesday. TD Securities boosted their price target on shares of Exchange Income from C$70.00 to C$84.00 and gave the stock a “buy” rating in a research note on Wednesday. Cormark boosted their price target on shares of Exchange Income from C$67.00 to C$78.50 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Finally, National Bankshares boosted their price target on shares of Exchange Income from C$71.00 to C$84.00 and gave the stock an “outperform” rating in a research note on Wednesday. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$79.68.

Exchange Income Trading Down 1.8%

The stock has a market cap of C$3.67 billion, a PE ratio of 28.84, a P/E/G ratio of 1.42 and a beta of 2.04. The company has a quick ratio of 1.13, a current ratio of 1.76 and a debt-to-equity ratio of 173.72. The business’s fifty day moving average is C$64.02 and its 200 day moving average is C$56.36.

Exchange Income Announces Dividend

The firm also recently declared a jul 25 dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 31st will be issued a $0.22 dividend. Exchange Income’s dividend payout ratio (DPR) is presently 103.42%.

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.