Exchange Income (TSE:EIF) Price Target Raised to C$90.00 at Raymond James Financial

Exchange Income (TSE:EIF) had its price objective increased by Raymond James Financial from C$85.00 to C$90.00 in a research note published on Wednesday,BayStreet.CA reports. Raymond James Financial currently has a strong-buy rating on the stock.

EIF has been the subject of several other reports. Desjardins raised their target price 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. Ventum Financial set a C$81.00 price target on Exchange Income and gave the company a “buy” rating in a report on Tuesday, September 16th. National Bankshares lifted their price target on Exchange Income from C$71.00 to C$84.00 and gave the company an “outperform” rating in a report on Wednesday, August 13th. Cormark lifted their price target on Exchange Income from C$67.00 to C$78.50 and gave the company a “buy” rating in a report on Thursday, July 31st. Finally, Paradigm Capital lifted their price target on Exchange Income from C$68.00 to C$82.00 and gave the company a “buy” rating in a report on Wednesday, August 13th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Exchange Income presently has a consensus rating of “Buy” and an average target price of C$80.82.

Exchange Income Stock Up 1.2%

Shares of EIF stock opened at C$73.51 on Wednesday. The stock has a market cap of C$3.78 billion, a P/E ratio of 27.95, a price-to-earnings-growth ratio of 1.42 and a beta of 0.88. Exchange Income has a one year low of C$45.00 and a one year high of C$75.13. The stock has a fifty day moving average price of C$70.62 and a 200 day moving average price of C$60.97. The company has a debt-to-equity ratio of 173.72, a current ratio of 1.76 and a quick ratio of 1.13.

Exchange Income Dividend Announcement

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