TD Securities Forecasts Strong Price Appreciation for Exchange Income (TSE:EIF) Stock

Exchange Income (TSE:EIF) had its target price increased by research analysts at TD Securities from C$70.00 to C$84.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ target price would indicate a potential upside of 14.10% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. Royal Bank Of Canada raised their price objective on Exchange Income from C$64.00 to C$66.00 and gave the company an “outperform” rating in a research note on Thursday, May 22nd. Raymond James Financial raised their price objective on Exchange Income from C$80.00 to C$85.00 and gave the company a “strong-buy” rating in a research note on Wednesday. Cormark boosted their price target on Exchange Income from C$67.00 to C$78.50 and gave the company a “buy” rating in a report on Thursday, July 31st. Canaccord Genuity Group upped their price target on Exchange Income from C$77.00 to C$80.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, National Bankshares lifted their price objective on shares of Exchange Income from C$73.00 to C$81.00 and gave the stock an “outperform” rating in a report on Thursday, July 3rd. One equities 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$79.68.

Exchange Income Price Performance

Shares of TSE EIF opened at C$73.62 on Wednesday. Exchange Income has a fifty-two week low of C$45.00 and a fifty-two week high of C$75.13. The business has a 50 day moving average price of C$64.02 and a two-hundred day moving average price of C$56.36. 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 firm has a market cap 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.

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.