Exchange Income (TSE:EIF) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Exchange Income Co. (TSE:EIF)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$53.84 and traded as high as C$58.43. Exchange Income shares last traded at C$58.25, with a volume of 158,163 shares.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on EIF. Canaccord Genuity Group raised their price objective on Exchange Income from C$75.00 to C$77.00 and gave the stock a “buy” rating in a research note on Thursday, May 22nd. Scotiabank raised their price target on Exchange Income from C$64.00 to C$66.00 and gave the stock an “outperform” rating in a research report on Thursday, May 22nd. CIBC raised their price target on Exchange Income from C$69.00 to C$73.00 and gave the stock an “outperform” rating in a research report on Thursday, May 22nd. TD Securities raised their target price on shares of Exchange Income from C$68.00 to C$70.00 and gave the stock a “buy” rating in a report on Thursday, May 22nd. Finally, ATB Capital raised their target price on shares of Exchange Income from C$68.00 to C$70.00 and gave the stock an “outperform” rating in a report on Thursday, May 22nd. Nine analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Exchange Income presently has a consensus rating of “Buy” and a consensus price target of C$70.50.

Exchange Income Stock Performance

The stock has a 50-day moving average of C$54.79 and a 200-day moving average of C$53.84. The firm has a market cap of C$2.91 billion, a price-to-earnings ratio of 22.82, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04. The company has a debt-to-equity ratio of 173.72, a quick ratio of 1.13 and a current ratio of 1.76.

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.