Eagle Point Income (EIC, Financial) has revealed that its board has approved a plan to buy back up to $50 million of its common stock from the open market. This initiative is set to continue until June 9, 2026, unless it is extended further or terminated at an earlier date.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for Eagle Point Income Co Inc (EIC, Financial) is $14.75 with a high estimate of $15.00 and a low estimate of $14.50. The average target implies an upside of 14.08% from the current price of $12.93. More detailed estimate data can be found on the Eagle Point Income Co Inc (EIC) Forecast page.
Based on the consensus recommendation from 2 brokerage firms, Eagle Point Income Co Inc's (EIC, Financial) average brokerage recommendation is currently 1.5, indicating "Buy" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
