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

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

A number of other research analysts have also recently weighed in on the stock. ATB Capital lifted their target price on shares of Exchange Income from C$70.00 to C$81.00 and gave the company an “outperform” rating in a research note on Wednesday, August 13th. National Bankshares boosted their price target on shares of 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. Canaccord Genuity Group boosted their price target on shares of Exchange Income from C$77.00 to C$80.00 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. Raymond James Financial boosted their price target on shares of Exchange Income from C$80.00 to C$85.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, August 13th. Finally, Royal Bank Of Canada boosted their price target on shares of Exchange Income from C$74.00 to C$81.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$80.82.

Exchange Income Stock Up 1.2%

EIF opened at C$73.51 on Monday. 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 has a fifty-two week low of C$45.00 and a fifty-two week high of C$75.13. The firm’s fifty day moving average is C$70.62 and its 200 day moving average is C$60.97. The stock has a market cap of C$3.78 billion, a price-to-earnings ratio of 27.95, a price-to-earnings-growth ratio of 1.42 and a beta of 0.88.

Exchange Income Announces Dividend

The firm also recently announced a sep 25 dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 29th will be given a dividend of $0.22 per share. Exchange Income’s dividend 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.