Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
An update from Currency Exchange International ( (TSE:CXI) ) is now available.
Currency Exchange International, Corp. announced the renewal of its share buyback program and Automatic Securities Purchase Plan, allowing for the repurchase of up to 359,617 common shares, representing 10% of its public float. This strategic move, approved by the Toronto Stock Exchange, is aimed at enhancing shareholder value and reflects the company’s belief that its market price may not fully represent its underlying value. The company has set parameters for these purchases, which will be funded through available cash, and has entered an agreement with its broker to facilitate automatic purchases under the plan.
The most recent analyst rating on (TSE:CXI) stock is a Hold with a C$25.00 price target. To see the full list of analyst forecasts on Currency Exchange International stock, see the TSE:CXI Stock Forecast page.
Spark’s Take on TSE:CXI Stock
According to Spark, TipRanks’ AI Analyst, TSE:CXI is a Neutral.
Currency Exchange International’s overall stock score reflects strong financial performance with robust profitability and a stable balance sheet. However, technical indicators suggest the stock is overbought, and valuation metrics indicate limited upside potential. The absence of a dividend yield further impacts the score.
To see Spark’s full report on TSE:CXI stock, click here.
More about Currency Exchange International
Currency Exchange International, Corp. provides comprehensive foreign exchange technology and processing services for banks, credit unions, businesses, and consumers in the United States and select clients globally. Its primary products and services include the exchange of foreign currencies, wire transfer payments, Global EFTs, and foreign cheque clearing. The company serves wholesale customers through its proprietary FX software applications and consumers through retail branches and an e-commerce platform.
Average Trading Volume: 4,163
Technical Sentiment Signal: Buy
Current Market Cap: C$138.2M
Find detailed analytics on CXI stock on TipRanks’ Stock Analysis page.