Exchange Income (TSE:EIF) Given New C$92.00 Price Target at Raymond James Financial

Exchange Income (TSE:EIF) had its target price hoisted by investment analysts at Raymond James Financial from C$90.00 to C$92.00 in a note issued to investors on Monday,BayStreet.CA reports. Raymond James Financial’s price target would suggest a potential upside of 22.10% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the company. National Bankshares boosted their price objective on Exchange Income from C$71.00 to C$84.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 13th. Canaccord Genuity Group upped their price objective on Exchange Income from C$77.00 to C$80.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. TD Securities increased their target price on Exchange Income from C$70.00 to C$84.00 and gave the stock a “buy” rating in a report on Wednesday, August 13th. Desjardins boosted their price target on Exchange Income from C$73.00 to C$84.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. Finally, CIBC lifted their target price on shares of Exchange Income from C$74.50 to C$84.50 and gave the company an “outperform” 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 data from MarketBeat, Exchange Income has a consensus rating of “Buy” and an average target price of C$83.61.

Exchange Income Trading Down 2.6%

Shares of TSE:EIF traded down C$2.05 during midday trading on Monday, reaching C$75.35. The company had a trading volume of 179,120 shares, compared to its average volume of 117,053. The company has a fifty day simple moving average of C$74.33 and a two-hundred day simple moving average of C$66.41. Exchange Income has a 1-year low of C$45.00 and a 1-year high of C$78.91. The company has a debt-to-equity ratio of 173.72, a quick ratio of 1.13 and a current ratio of 1.76. The firm has a market cap of C$3.88 billion, a price-to-earnings ratio of 28.65, a price-to-earnings-growth ratio of 1.42 and a beta of 0.70.

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.