Exchange Income (TSE:EIF) Reaches New 12-Month High – Here’s What Happened

Exchange Income Co. (TSE:EIF)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$80.76 and last traded at C$80.73, with a volume of 40204 shares. The stock had previously closed at C$79.85.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Ventum Financial set a C$81.00 price objective on Exchange Income and gave the company a “buy” rating in a report on Tuesday, September 16th. ATB Capital boosted their price target on 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. Royal Bank Of Canada set a C$94.00 price objective on shares of Exchange Income and gave the stock an “outperform” rating in a research note on Tuesday, November 25th. CIBC boosted their target price on shares of Exchange Income from C$85.50 to C$93.00 in a research report on Monday, November 10th. Finally, Paradigm Capital increased their price target on shares of Exchange Income from C$68.00 to C$82.00 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$85.19.

Exchange Income Trading Up 2.3%

The stock’s fifty day simple moving average is C$76.33 and its 200-day simple moving average is C$69.13. 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 firm has a market cap of C$4.19 billion, a PE ratio of 29.61, a PEG ratio of 1.42 and a beta of 0.70.

Exchange Income (TSE:EIF) last issued its quarterly earnings results on Friday, November 7th. The company reported C$1.46 EPS for the quarter. The company had revenue of C$959.74 million during the quarter. Exchange Income had a return on equity of 9.73% and a net margin of 4.64%. On average, sell-side analysts forecast that Exchange Income Co. will post 3.9962963 earnings per share for the current year.

Exchange Income Announces Dividend

The business also recently disclosed a sep 25 dividend, which was paid on Wednesday, October 15th. Shareholders of record on Monday, September 29th were given a $0.22 dividend. Exchange Income’s dividend payout ratio is presently 95.65%.

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.