Exchange Income Co. (TSE:EIF) Given Average Recommendation of “Buy” by Brokerages

Exchange Income Co. (TSE:EIF) has been given an average recommendation of “Buy” by the fifteen analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$80.82.

A number of analysts have weighed in on EIF shares. BMO Capital Markets increased their target price on Exchange Income from C$65.50 to C$69.50 in a research note on Monday, September 29th. Desjardins increased their target price on Exchange Income from C$73.00 to C$84.00 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. Ventum Financial set a C$81.00 target price on Exchange Income and gave the stock a “buy” rating in a research note on Tuesday, September 16th. CIBC increased their target price on Exchange Income from C$74.50 to C$84.50 and gave the stock an “outperform” rating in a research note on Wednesday, August 13th. Finally, National Bankshares increased their target price on Exchange Income from C$71.00 to C$84.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 13th.

Exchange Income Stock Performance

TSE:EIF opened at C$74.88 on Wednesday. The stock’s fifty day moving average is C$71.33 and its 200 day moving average is C$61.72. Exchange Income has a fifty-two week low of C$45.00 and a fifty-two week high of C$75.39. The firm has a market capitalization of C$3.85 billion, a PE ratio of 28.47, a PEG ratio of 1.42 and a beta of 0.76. The company has a debt-to-equity ratio of 173.72, a quick ratio of 1.13 and a current ratio of 1.76.

Exchange Income Dividend Announcement

The firm also recently announced a sep 25 dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 29th will be paid a $0.22 dividend. Exchange Income’s payout ratio is 100.38%.

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.