Exchange Income Given New C$23.00 Price Target at National Bank Financial (EIF)
Investment analysts at National Bank Financial increased their price objective on shares of Exchange Income (TSE:EIF) from C$22.00 to C$23.00 in a note issued to investors on Thursday. National Bank Financial’s target price suggests a potential upside of 13.30% from the company’s current price.
Several other analysts have also recently commented on the stock. 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. One analyst has rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of C$26.53.
Exchange Income (TSE:EIF) traded down 0.20% on Thursday, hitting $20.30. 95,839 shares of the company’s stock traded hands. Exchange Income has a 52 week low of $14.30 and a 52 week high of $25.64. The stock has a 50-day moving average of $18.60 and a 200-day moving average of $20.31. The company has a market cap of $449.5 million and a price-to-earnings ratio of 75.33.
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. Analysts expect that Exchange Income will post $1.06 EPS 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. This represents a dividend yield of 8.55%. The ex-dividend date is Wednesday, August 27th.
Exchange Income Corporation is a diversified acquisition-oriented company, focused on opportunities in the industrial products and transportation sectors.
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