Exchange Income Receives Average Rating of “Buy” from Brokerages (TSE:EIF)
Shares of Exchange Income (TSE:EIF) have received an average recommendation of “Buy” from the ten ratings firms that are presently covering the stock, American Banking News reports. One investment analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$26.66.
A number of analysts have recently weighed in on EIF shares. Analysts at Laurentian raised their price target on shares of Exchange Income from C$30.00 to C$31.00 in a research note on Thursday, August 14th. They now have a “top pick” rating on the stock. Separately, analysts at Scotiabank raised their price target on shares of Exchange Income from C$26.00 to C$28.00 in a research note on Thursday, August 14th. They now have an “outperform” rating on the stock. Finally, analysts at LB Securities raised their price target on shares of Exchange Income to C$31.00 in a research note on Thursday, August 14th.
Shares of Exchange Income (TSE:EIF) traded up 0.86% during mid-day trading on Tuesday, hitting $18.75. 33,604 shares of the company’s stock traded hands. Exchange Income has a 1-year low of $14.30 and a 1-year high of $25.64. The stock’s 50-day moving average is $19.08 and its 200-day moving average is $20.53. The company has a market cap of $415.2 million and a price-to-earnings ratio of 53.11.
Exchange Income (TSE:EIF) last issued its quarterly earnings data on Thursday, August 14th. The company reported $0.26 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.25 by $0.01. On average, analysts predict that Exchange Income will post $1.06 earnings per share for the current fiscal year.
The company also recently declared a aug 14 dividend, which is scheduled for Monday, September 15th. Shareholders of record on Friday, August 29th will be given a dividend of $0.14 per share.
Exchange Income Corporation is a diversified acquisition-oriented company, focused on opportunities in the industrial products and transportation sectors.
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