Exchange Income (TSE:EIF) Price Target Raised to C$69.50 at BMO Capital Markets

Exchange Income (TSE:EIF) had its price target increased by BMO Capital Markets from C$65.50 to C$69.50 in a report published on Monday,BayStreet.CA reports.

A number of other brokerages have also recently commented on EIF. Paradigm Capital increased their price target on Exchange Income from C$68.00 to C$82.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. Cormark raised their target price on Exchange Income from C$67.00 to C$78.50 and gave the stock a “buy” rating in a research report on Thursday, July 31st. ATB Capital raised their target price on Exchange Income from C$70.00 to C$81.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 13th. TD Securities raised their target price on Exchange Income from C$70.00 to C$84.00 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Finally, CIBC raised their target price on Exchange Income from C$74.50 to C$84.50 and gave the stock an “outperform” rating in a research report on Wednesday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Exchange Income has a consensus rating of “Buy” and a consensus price target of C$80.46.

Exchange Income Stock Down 0.2%

Shares of EIF opened at C$72.31 on Monday. Exchange Income has a 52 week low of C$45.00 and a 52 week high of C$75.13. The stock has a market capitalization of C$3.72 billion, a price-to-earnings ratio of 27.49, a PEG ratio of 1.42 and a beta of 0.88. The company has a debt-to-equity ratio of 173.72, a quick ratio of 1.13 and a current ratio of 1.76. The stock has a fifty day moving average of C$70.33 and a 200-day moving average of C$60.80.

Exchange Income Dividend Announcement

The firm also recently disclosed a sep 25 dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 29th will be given a $0.22 dividend. Exchange Income’s dividend payout ratio (DPR) is presently 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.