Exchange Income (TSE:EIF) Reaches New 12-Month High – Still a Buy?

Shares of Exchange Income Co. (TSE:EIF) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$75.18 and last traded at C$75.18, with a volume of 77290 shares changing hands. The stock had previously closed at C$74.17.

Analysts Set New Price Targets

Several brokerages recently issued reports on EIF. Scotiabank boosted their price target on Exchange Income from C$66.00 to C$80.00 and gave the company an “outperform” rating in a research report on Wednesday, August 13th. ATB Capital lifted their price objective on Exchange Income from C$70.00 to C$81.00 and gave the company an “outperform” rating in a report on Wednesday, August 13th. TD Securities lifted their price objective on Exchange Income from C$70.00 to C$84.00 and gave the company a “buy” rating in a report on Wednesday, August 13th. Canaccord Genuity Group lifted their price objective on Exchange Income from C$77.00 to C$80.00 and gave the company a “buy” rating in a report on Wednesday, August 13th. Finally, Royal Bank Of Canada lifted their price objective on Exchange Income from C$74.00 to C$81.00 and gave the company an “outperform” rating in a report on Wednesday, August 13th. Two equities 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 company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$80.82.

Exchange Income Price Performance

The company has a 50 day moving average price of C$70.97 and a 200 day moving average price of C$61.38. The firm has a market cap of C$3.87 billion, a PE ratio of 28.62, a price-to-earnings-growth ratio of 1.42 and a beta of 0.88. The company has a current ratio of 1.76, a quick ratio of 1.13 and a debt-to-equity ratio of 173.72.

Exchange Income Dividend Announcement

The company also recently declared a sep 25 dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 29th will be paid a dividend of $0.22 per share. Exchange Income’s dividend payout ratio (DPR) 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.