Exchange Income Co. (TSE:EIF) Receives Consensus Rating of “Buy” from Brokerages

Exchange Income Co. (TSE:EIF) has earned an average rating of “Buy” from the thirteen ratings firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation, eleven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is C$81.11.

EIF has been the topic of several recent analyst reports. Royal Bank Of Canada raised their price target on shares of Exchange Income from C$81.00 to C$85.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. ATB Capital raised 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. Ventum Financial set a C$81.00 price target on shares of Exchange Income and gave the company a “buy” rating in a research note on Tuesday, September 16th. TD Securities increased their price objective on Exchange Income from C$70.00 to C$84.00 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. Finally, Canaccord Genuity Group lifted their target price on 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.

Exchange Income Stock Down 2.3%

TSE:EIF opened at C$75.69 on Friday. Exchange Income has a twelve month low of C$45.00 and a twelve month high of C$78.91. The company has a market cap of C$3.90 billion, a price-to-earnings ratio of 28.78, a price-to-earnings-growth ratio of 1.42 and a beta of 0.70. The stock has a fifty day simple moving average of C$74.22 and a 200-day simple moving average of C$65.98. 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 firm also recently disclosed a sep 25 dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 29th were paid a $0.22 dividend. Exchange Income’s dividend payout ratio (DPR) is presently 100.38%.

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.