Exchange Income Receives Average Rating of “Buy” from Analysts (TSE:EIF)
Shares of Exchange Income (TSE:EIF) have received a consensus rating of “Buy” from the ten brokerages that are presently covering the stock, AnalystRatingsNetwork.com reports. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$26.66.
Exchange Income (TSE:EIF) opened at 18.80 on Tuesday. Exchange Income has a one year low of $14.30 and a one year high of $25.64. The stock’s 50-day moving average is $18.75 and its 200-day moving average is $20.44. The company has a market cap of $416.3 million and a P/E ratio of 69.07.
Exchange Income (TSE:EIF) last announced its earnings results on Thursday, August 14th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the 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 announced a aug 14 dividend, which is scheduled for Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.14 per share.
A number of research firms have recently commented on EIF. 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.
Exchange Income Corporation is a diversified acquisition-oriented company, focused on opportunities in the industrial products and transportation sectors.
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