Exchange Income Co. (TSE:EIF) Given Consensus Rating of “Buy” by Analysts

Exchange Income Co. (TSE:EIF) has received a consensus rating of “Buy” from the fifteen ratings firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$79.68.

EIF has been the subject of a number of analyst reports. Desjardins raised their price objective on shares of Exchange Income from C$73.00 to C$84.00 and gave the company a “buy” rating in a research report on Wednesday, August 13th. Royal Bank Of Canada raised their price objective on shares of Exchange Income from C$74.00 to C$81.00 and gave the company an “outperform” rating in a research report on Wednesday, August 13th. CIBC raised their price objective on shares of Exchange Income from C$74.50 to C$84.50 and gave the company an “outperform” rating in a research report on Wednesday, August 13th. Scotiabank raised their price objective on shares of Exchange Income from C$66.00 to C$80.00 and gave the company an “outperform” rating in a research report on Wednesday, August 13th. Finally, ATB Capital lifted their target price on shares of Exchange Income from C$70.00 to C$81.00 and gave the company an “outperform” rating in a research report on Wednesday, August 13th.

Exchange Income Price Performance

EIF stock opened at C$70.31 on Friday. The firm has a 50 day moving average of C$69.11 and a 200-day moving average of C$59.03. The company has a current ratio of 1.76, a quick ratio of 1.13 and a debt-to-equity ratio of 173.72. Exchange Income has a 12 month low of C$45.00 and a 12 month high of C$75.13. The firm has a market capitalization of C$3.62 billion, a P/E ratio of 26.73, a price-to-earnings-growth ratio of 1.42 and a beta of 0.88.

Exchange Income Announces Dividend

The business also recently announced a aug 25 dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be given a dividend of $0.22 per share. Exchange Income’s payout ratio is presently 100.38%.

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.