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

Exchange Income (TSE:EIF) had its price target lifted by equities researchers at Paradigm Capital from C$68.00 to C$82.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Paradigm Capital’s price objective points to a potential upside of 11.38% from the company’s current price.

Several other research firms have also recently commented on EIF. 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 report on Wednesday. TD Securities upped their target price on shares of Exchange Income from C$70.00 to C$84.00 and gave the company a “buy” rating in a report on Wednesday. Raymond James Financial upped their target price on shares of Exchange Income from C$80.00 to C$85.00 and gave the company a “strong-buy” rating in a report on Wednesday. CIBC upped their target price on shares of Exchange Income from C$74.50 to C$84.50 and gave the company an “outperform” rating in a report on Wednesday. Finally, Cormark upped their target price 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. One research analyst has rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Exchange Income currently has an average rating of “Buy” and a consensus target price of C$79.68.

Exchange Income Trading Down 1.8%

TSE EIF opened at C$73.62 on Wednesday. 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 has a 52 week low of C$45.00 and a 52 week high of C$75.13. The stock has a market capitalization of C$3.67 billion, a PE ratio of 28.84, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04. The firm has a 50 day moving average of C$64.02 and a two-hundred day moving average of C$56.36.

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.