Royal Bank Of Canada Forecasts Strong Price Appreciation for Exchange Income (TSE:EIF) Stock

Exchange Income (TSE:EIF) had its price target increased by analysts at Royal Bank Of Canada from C$94.00 to C$103.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 18.57% from the company’s previous close.

EIF has been the subject of several other research reports. Ventum Financial set a C$81.00 target price on Exchange Income and gave the stock a “buy” rating in a research report on Tuesday, September 16th. National Bankshares increased their price target on shares of Exchange Income from C$84.00 to C$88.00 in a research report on Monday, November 10th. Scotiabank boosted their price objective on shares of Exchange Income from C$80.00 to C$90.00 in a research report on Monday, November 10th. Raymond James Financial increased their target price on shares of Exchange Income from C$92.00 to C$100.00 and gave the stock a “strong-buy” rating in a research report on Friday. Finally, CIBC boosted their price target on shares of Exchange Income from C$85.50 to C$93.00 in a report on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$86.50.

Exchange Income Trading Down 2.1%

EIF traded down C$1.84 during trading on Monday, reaching C$86.87. The company had a trading volume of 88,833 shares, compared to its average volume of 125,868. The company has a debt-to-equity ratio of 173.72, a quick ratio of 1.13 and a current ratio of 1.76. Exchange Income has a 12-month low of C$45.00 and a 12-month high of C$89.25. The company has a market cap of C$4.87 billion, a price-to-earnings ratio of 31.47, a PEG ratio of 1.42 and a beta of 0.90. The firm’s 50-day simple moving average is C$80.82 and its 200 day simple moving average is C$74.38.

Exchange Income (TSE:EIF) last released its earnings results on Friday, November 7th. The company reported C$1.46 earnings per share for the quarter. Exchange Income had a net margin of 4.64% and a return on equity of 9.73%. The business had revenue of C$959.74 million for the quarter. Equities research analysts anticipate that Exchange Income will post 3.9962963 earnings per share for the current year.

Exchange Income Company Profile

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. Its Aerospace and Aviation segment is a key revenue driver, recognizes revenue from the provision of flight, flight ancillary services, and the sale or lease of aircraft and aftermarket parts.