Exchange Income (TSE:EIF) Sets New 1-Year High – Here’s What Happened

Shares of Exchange Income Co. (TSE:EIF) hit a new 52-week high on Thursday . The company traded as high as C$79.33 and last traded at C$79.20, with a volume of 22684 shares. The stock had previously closed at C$78.01.

Wall Street Analyst Weigh In

Several equities research analysts have commented on EIF shares. ATB Capital boosted their target price on shares of 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. Raymond James Financial upped their target price on shares of Exchange Income from C$90.00 to C$92.00 in a research report on Monday, November 10th. Canaccord Genuity Group lifted their price target on shares of Exchange Income from C$77.00 to C$80.00 and gave the company a “buy” rating in a research report on Wednesday, August 13th. Royal Bank Of Canada boosted their price target on Exchange Income from C$85.00 to C$94.00 in a research note on Wednesday, November 12th. Finally, TD Securities raised their price objective on Exchange Income from C$70.00 to C$84.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$85.19.

Exchange Income Stock Up 1.9%

The firm’s 50-day moving average price is C$75.16 and its 200 day moving average price is C$67.72. The firm has a market capitalization of C$4.08 billion, a price-to-earnings ratio of 28.80, a price-to-earnings-growth ratio of 1.42 and a beta of 0.70. 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 (TSE:EIF) last issued its quarterly earnings data on Friday, November 7th. The company reported C$1.24 earnings per share (EPS) for the quarter. Exchange Income had a return on equity of 9.73% and a net margin of 4.64%.The firm had revenue of C$959.74 million during the quarter. Sell-side analysts expect that Exchange Income Co. will post 3.9962963 EPS for the current year.

Exchange Income Dividend Announcement

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

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.