Exchange Income (TSE:EIF) Upgraded to Moderate Buy at Desjardins

Desjardins upgraded shares of Exchange Income (TSE:EIF) to a moderate buy rating in a research note published on Thursday, Marketbeat Ratings reports. The firm currently has C$73.00 price objective on the stock.

Other equities research analysts also recently issued research reports about the stock. TD Securities upped their target price on shares of Exchange Income from C$68.00 to C$70.00 and gave the company a “buy” rating in a research note on Thursday, May 22nd. Canaccord Genuity Group upped their price objective on shares of Exchange Income from C$75.00 to C$77.00 and gave the company a “buy” rating in a research report on Thursday, May 22nd. Scotiabank upped their price objective on shares of Exchange Income from C$64.00 to C$66.00 and gave the company an “outperform” rating in a research report on Thursday, May 22nd. Royal Bank Of Canada upped their price objective on shares of Exchange Income from C$64.00 to C$66.00 and gave the company an “outperform” rating in a research report on Thursday, May 22nd. Finally, ATB Capital increased their price target on Exchange Income from C$68.00 to C$70.00 and gave the stock an “outperform” rating in a report on Thursday, May 22nd. Ten analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$71.91.

Exchange Income Stock Performance

Shares of EIF stock opened at C$65.22 on Thursday. The company has a debt-to-equity ratio of 173.72, a current ratio of 1.76 and a quick ratio of 1.13. The stock has a market cap of C$3.25 billion, a PE ratio of 25.55, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04. The stock has a 50-day moving average of C$57.32 and a 200-day moving average of C$54.26. Exchange Income has a one year low of C$44.90 and a one year high of C$65.34.

About Exchange Income

Exchange Income Corp is a diversified acquisition-oriented corporation focused on opportunities in two sectors, aerospace, aviation services and equipment, and manufacturing. The business plan of the corporation is to invest in profitable, well-established companies with strong cash flows operating in niche markets.