Exchange Income (TSE:EIF) Given New C$81.00 Price Target at ATB Capital

Exchange Income (TSE:EIF) had its target price increased by ATB Capital from C$70.00 to C$81.00 in a report published on Wednesday morning,BayStreet.CA reports. ATB Capital currently has an outperform rating on the stock.

A number of other brokerages also recently weighed in on EIF. Canaccord Genuity Group raised their price objective on Exchange Income from C$77.00 to C$80.00 and gave the company a “buy” rating in a research report on Wednesday. TD Securities raised their price objective on Exchange Income from C$70.00 to C$84.00 and gave the stock a “buy” rating in a research note on Wednesday. BMO Capital Markets raised their price objective on Exchange Income from C$59.00 to C$65.50 and gave the stock a “market perform” rating in a research note on Wednesday. Desjardins lifted their price target on Exchange Income from C$73.00 to C$84.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Raymond James Financial lifted their price target on Exchange Income from C$80.00 to C$85.00 and gave the company a “strong-buy” rating in a research report on Wednesday. One research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Exchange Income currently has a consensus rating of “Buy” and a consensus price target of C$79.68.

Exchange Income Stock Performance

Shares of Exchange Income stock opened at C$74.98 on Wednesday. The firm has a market cap of C$3.74 billion, a P/E ratio of 29.37, a P/E/G ratio of 1.42 and a beta of 2.04. The company has a current ratio of 1.76, a quick ratio of 1.13 and a debt-to-equity ratio of 173.72. Exchange Income has a 12 month low of C$45.00 and a 12 month high of C$75.13. The stock’s fifty day moving average price is C$63.67 and its 200-day moving average price is C$56.24.

Exchange Income Announces Dividend

The business also recently disclosed a jul 25 dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 31st will be paid a dividend of $0.22 per share. Exchange Income’s dividend payout ratio (DPR) is currently 103.42%.

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.