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Raymond James hoisted their target price on shares of Exchange Income (TSE:EIF) from C$19.50 to C$22.50 in a research note issued on Friday, Stock Ratings News reports. Raymond James’ price target suggests a potential upside of 7.09% from the stock’s previous close.

A number of other firms have also recently commented on EIF. Analysts at CIBC raised their price target on shares of Exchange Income from C$26.75 to C$27.00 in a research note on Friday. They now have a “sector outperform” rating on the stock. Separately, analysts at Scotiabank reiterated an “outperform” rating on shares of Exchange Income in a research note on Monday, April 14th. They now have a C$26.00 price target on the stock. Finally, analysts at Canaccord Genuity cut their price target on shares of Exchange Income from C$28.00 to C$26.00 in a research note on Tuesday, March 4th. They now have a “buy” rating on the stock. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of C$26.50.

Exchange Income (TSE:EIF) traded up 5.58% on Friday, hitting $21.01. 140,402 shares of the company’s stock traded hands. Exchange Income has a 1-year low of $16.75 and a 1-year high of $27.59. The stock has a 50-day moving average of $19.6 and a 200-day moving average of $21.17. The company has a market cap of $457.0 million and a price-to-earnings ratio of 47.38.

The company also recently announced a may 14 dividend, which is scheduled for Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.14 per share.

Exchange Income Corporation (TSE:EIF) is a diversified, acquisition-oriented company focused on opportunities in the manufacturing and aviation segments.

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