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

Shares of Exchange Income Co. (TSE:EIF) have been given an average rating of “Buy” by the fifteen analysts that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is C$81.11.

Several equities research analysts have recently commented on EIF shares. Canaccord Genuity Group raised their target price on shares of Exchange Income from C$77.00 to C$80.00 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. TD Securities boosted their price objective on shares of Exchange Income from C$70.00 to C$84.00 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. Raymond James Financial upped their price objective on shares of Exchange Income from C$85.00 to C$90.00 and gave the stock a “strong-buy” rating in a report on Wednesday, October 1st. CIBC lifted 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, August 13th. Finally, Desjardins boosted their price target on Exchange Income from C$73.00 to C$84.00 and gave the stock a “buy” rating in a research report on Wednesday, August 13th.

Exchange Income Trading Down 1.2%

TSE:EIF opened at C$75.83 on Wednesday. The company has a 50-day moving average price of C$71.96 and a 200-day moving average price of C$62.33. Exchange Income has a 12 month low of C$45.00 and a 12 month high of C$77.71. The company has a current ratio of 1.76, a quick ratio of 1.13 and a debt-to-equity ratio of 173.72. The stock has a market cap of C$3.89 billion, a price-to-earnings ratio of 28.83, a P/E/G ratio of 1.42 and a beta of 0.76.

Exchange Income Announces Dividend

The business also recently announced a sep 25 dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 29th will be paid a $0.22 dividend. Exchange Income’s dividend payout ratio is currently 100.38%.

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.