Exchange Income (TSE:EIF) Stock Price Expected to Rise, National Bankshares Analyst Says

Exchange Income (TSE:EIF) had its price target hoisted by stock analysts at National Bankshares from C$88.00 to C$109.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price target would suggest a potential upside of 16.01% from the company’s previous close.

Other equities research analysts have also recently issued reports about the stock. Ventum Financial boosted their price target on shares of Exchange Income from C$95.00 to C$110.00 and gave the stock a “buy” rating in a research report on Tuesday. BMO Capital Markets lifted their price objective on shares of Exchange Income from C$69.50 to C$80.00 in a research note on Monday, November 10th. Scotiabank boosted their target price on shares of Exchange Income from C$80.00 to C$90.00 in a report on Monday, November 10th. Raymond James Financial raised 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 report on Friday, January 9th. Finally, CIBC lifted their price target on shares of Exchange Income from C$85.50 to C$93.00 in a research report on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Exchange Income currently has an average rating of “Buy” and a consensus target price of C$93.81.

Exchange Income Price Performance

Shares of TSE:EIF traded up C$0.61 during trading on Tuesday, reaching C$93.96. The company had a trading volume of 218,306 shares, compared to its average volume of 143,369. The firm’s fifty day moving average is C$82.30 and its 200 day moving average is C$75.49. The company has a debt-to-equity ratio of 173.72, a quick ratio of 1.13 and a current ratio of 1.76. The firm has a market capitalization of C$5.27 billion, a PE ratio of 34.04, a price-to-earnings-growth ratio of 1.42 and a beta of 0.90. Exchange Income has a twelve month low of C$45.00 and a twelve month high of C$94.81.

Exchange Income (TSE:EIF) last issued its quarterly earnings results on Friday, November 7th. The company reported C$1.46 earnings per share (EPS) for the quarter. Exchange Income had a return on equity of 9.73% and a net margin of 4.64%.The firm had revenue of C$959.74 million during the quarter. On average, equities analysts forecast that Exchange Income will post 3.9962963 EPS for the current year.

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. 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.