Exchange Income (TSE:EIF) Stock Price Expected to Rise, ATB Capital Analyst Says

Exchange Income (TSE:EIF) had its target price raised by investment analysts at ATB Capital from C$70.00 to C$81.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. ATB Capital’s price objective would indicate a potential upside of 10.02% from the company’s current price.

EIF has been the subject of a number of other research reports. Cormark lifted their price objective on shares of Exchange Income from C$67.00 to C$78.50 and gave the company a “buy” rating in a report on Thursday, July 31st. National Bankshares upped their price objective on shares of Exchange Income from C$71.00 to C$84.00 and gave the stock an “outperform” rating in a research report on Wednesday. Raymond James Financial upped their price target on Exchange Income from C$80.00 to C$85.00 and gave the stock a “strong-buy” rating in a report on Wednesday. Canaccord Genuity Group raised their price objective on Exchange Income from C$77.00 to C$80.00 and gave the company a “buy” rating in a report on Wednesday. Finally, CIBC upped their target price on Exchange Income from C$74.50 to C$84.50 and gave the stock an “outperform” rating in a research note on Wednesday. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Exchange Income has a consensus rating of “Buy” and an average price target of C$79.68.

Exchange Income Stock Down 1.8%

TSE:EIF opened at C$73.62 on Wednesday. The firm has a market capitalization of C$3.67 billion, a P/E ratio of 28.84, a PEG ratio of 1.42 and a beta of 2.04. Exchange Income has a 1-year low of C$45.00 and a 1-year high of C$75.13. The company’s fifty day moving average price is C$64.02 and its 200-day moving average price is C$56.36. The company has a debt-to-equity ratio of 173.72, a current ratio of 1.76 and a quick ratio of 1.13.

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.