Exchange Income (TSE:EIF) Reaches New 52-Week High – Still a Buy?

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

Analyst Ratings Changes

Several analysts have commented on EIF shares. Scotiabank raised their price objective on Exchange Income from C$80.00 to C$90.00 in a report on Monday, November 10th. Royal Bank Of Canada set a C$94.00 target price on Exchange Income and gave the company an “outperform” rating in a research report on Tuesday, November 25th. TD Securities boosted their price target on shares of 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 upped their price objective on shares of Exchange Income from C$73.00 to C$84.00 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Finally, Canaccord Genuity Group increased their price objective on shares of Exchange Income from C$77.00 to C$80.00 and gave the company a “buy” rating in a report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$85.19.

Exchange Income Trading Up 2.3%

The company has a quick ratio of 1.13, a current ratio of 1.76 and a debt-to-equity ratio of 173.72. The business’s fifty day moving average is C$76.33 and its 200-day moving average is C$69.13. The stock has a market capitalization of C$4.19 billion, a PE ratio of 29.61, a P/E/G ratio of 1.42 and a beta of 0.70.

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

Exchange Income Announces Dividend

The company also recently disclosed a sep 25 dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 29th were issued a $0.22 dividend. Exchange Income’s dividend payout ratio (DPR) is 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.