Exchange Income (TSE:EIF) Price Target Raised to C$65.50

Exchange Income (TSE:EIF) had its price target lifted by BMO Capital Markets from C$59.00 to C$65.50 in a research note issued to investors on Wednesday,BayStreet.CA reports. They currently have a market perform rating on the stock.

Several other research analysts also recently commented on the company. Cormark boosted their target price on 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. Canaccord Genuity Group increased their price target on Exchange Income from C$77.00 to C$80.00 and gave the stock a “buy” rating in a report on Wednesday. National Bankshares increased their price target on Exchange Income from C$73.00 to C$81.00 and gave the stock an “outperform” rating in a report on Thursday, July 3rd. Desjardins increased their price target on Exchange Income from C$73.00 to C$84.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Scotiabank increased their price target on Exchange Income from C$64.00 to C$66.00 and gave the stock an “outperform” rating in a report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$79.68.

Exchange Income Stock Up 2.4%

EIF stock opened at C$74.98 on Wednesday. The company has a market cap of C$3.74 billion, a PE ratio of 29.37, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04. The business has a 50-day simple moving average of C$63.67 and a 200 day simple moving average of C$56.24. Exchange Income has a 52 week low of C$45.00 and a 52 week high of C$75.13. The company has a quick ratio of 1.13, a current ratio of 1.76 and a debt-to-equity ratio of 173.72.

Exchange Income Dividend Announcement

The company also recently announced a jul 25 dividend, which will be paid on Friday, August 15th. Stockholders of record on Thursday, July 31st will be given a dividend of $0.22 per share. Exchange Income’s payout ratio is 103.42%.

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.