Exchange Income (TSE:EIF) Hits New 1-Year High – Still a Buy?

Exchange Income Co. (TSE:EIF)’s share price reached a new 52-week high on Wednesday . The stock traded as high as C$98.76 and last traded at C$98.65, with a volume of 87546 shares traded. The stock had previously closed at C$98.22.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Ventum Financial raised their price objective on Exchange Income from C$95.00 to C$110.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Raymond James Financial raised their price target on Exchange Income from C$92.00 to C$100.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 9th. BMO Capital Markets boosted their price objective on Exchange Income from C$69.50 to C$80.00 in a research report on Monday, November 10th. National Bankshares increased their price objective on Exchange Income from C$88.00 to C$109.00 and gave the company an “outperform” rating in a research note on Tuesday, January 20th. Finally, CIBC lifted their target price on shares of Exchange Income from C$93.00 to C$106.00 in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$97.35.

Exchange Income Trading Up 0.6%

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 stock has a market capitalization of C$5.54 billion, a P/E ratio of 35.80, a price-to-earnings-growth ratio of 1.42 and a beta of 0.90. The stock has a 50-day moving average price of C$84.76 and a two-hundred day moving average price of C$76.76.

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