Exchange Income (TSE:EIF) Price Target Raised to C$109.00

Exchange Income (TSE:EIF) had its target price hoisted by Canaccord Genuity Group from C$107.00 to C$109.00 in a research report released on Tuesday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other analysts have also issued reports on EIF. Raymond James Financial increased their target price on Exchange Income from C$92.00 to C$100.00 and gave the company a “strong-buy” rating in a report on Friday, January 9th. Royal Bank Of Canada upped their price target on Exchange Income from C$94.00 to C$103.00 and gave the company an “outperform” rating in a research report on Monday, January 12th. Desjardins increased their price objective on Exchange Income from C$87.00 to C$102.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Scotiabank lifted their target price on Exchange Income from C$90.00 to C$105.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. Finally, CIBC upped their target price on Exchange Income from C$93.00 to C$106.00 in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Exchange Income presently has an average rating of “Buy” and an average price target of C$98.35.

Exchange Income Stock Performance

Shares of EIF opened at C$98.39 on Tuesday. The company has a 50-day moving average of C$87.56 and a two-hundred day moving average of C$78.17. The stock has a market cap of C$5.52 billion, a price-to-earnings ratio of 35.65, a PEG ratio of 1.42 and a beta of 1.01. The company has a debt-to-equity ratio of 173.72, a current ratio of 1.76 and a quick ratio of 1.13. Exchange Income has a one year low of C$45.00 and a one year high of C$101.18.

Exchange Income (TSE:EIF) last issued its quarterly earnings results on Friday, November 7th. The company reported C$1.46 EPS 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 during the quarter. On average, equities research analysts expect that Exchange Income will post 3.9962963 earnings per share 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.