Exchange Income Given Average Rating of “Buy” by Analysts (TSE:EIF)
Shares of Exchange Income (TSE:EIF) have earned an average rating of “Buy” from the eleven ratings firms that are currently covering the stock, StockRatingsNetwork.com reports. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$26.38.
A number of analysts have recently weighed in on EIF shares. Analysts at Edgecrest Capital upgraded shares of Exchange Income from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 19th. Separately, analysts at LB Securities upgraded shares of Exchange Income to a “top pick” rating in a research note on Monday, June 9th. Finally, analysts at Raymond James raised their price target on shares of Exchange Income from C$19.50 to C$22.50 in a research note on Friday, May 16th.
Exchange Income (TSE:EIF) traded down 1.95% on Tuesday, hitting $21.59. The stock had a trading volume of 17,931 shares. Exchange Income has a 1-year low of $16.75 and a 1-year high of $26.59. The stock’s 50-day moving average is $22.05 and its 200-day moving average is $21.47. The company has a market cap of $470.9 million and a price-to-earnings ratio of 62.91.
The company also recently announced a jun 14 dividend, which is scheduled for Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.14 per share. This represents a dividend yield of 7.37%. The ex-dividend date is Thursday, June 26th.
Exchange Income Corporation is a diversified acquisition-oriented company, focused on opportunities in the industrial products and transportation sectors.
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