Raymond James Financial Issues Positive Forecast for Exchange Income (TSE:EIF) Stock Price

Exchange Income (TSE:EIF) had its price objective hoisted by Raymond James Financial from C$80.00 to C$85.00 in a research note released on Wednesday morning,BayStreet.CA reports. Raymond James Financial currently has a strong-buy rating on the stock.

EIF has been the subject of a number of other research reports. Canaccord Genuity Group raised their price objective on shares of Exchange Income from C$75.00 to C$77.00 and gave the stock a “buy” rating in a report on Thursday, May 22nd. Royal Bank Of Canada boosted their price objective on shares of 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. ATB Capital lifted their target price on shares of Exchange Income from C$68.00 to C$70.00 and gave the company an “outperform” rating in a research report on Thursday, May 22nd. Desjardins upgraded shares of Exchange Income to a “moderate buy” rating and set a C$73.00 price objective for the company in a report on Thursday, July 3rd. Finally, BMO Capital Markets set a C$59.00 price target on shares of Exchange Income and gave the company a “market perform” rating in a report on Tuesday, July 15th. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$79.68.

Exchange Income Stock Up 2.4%

EIF opened at C$74.98 on Wednesday. The company has a debt-to-equity ratio of 173.72, a current ratio of 1.76 and a quick ratio of 1.13. The company’s 50-day moving average is C$63.67 and its 200 day moving average is C$56.24. Exchange Income has a fifty-two week low of C$45.00 and a fifty-two week high of C$75.13. The firm has a market capitalization of C$3.74 billion, a P/E ratio of 29.37, a PEG ratio of 1.42 and a beta of 2.04.

Exchange Income Announces Dividend

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