Exchange Income (TSE:EIF) Sets New 12-Month High – Here’s What Happened

Exchange Income Co. (TSE:EIF)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$100.64 and last traded at C$100.54, with a volume of 104354 shares traded. The stock had previously closed at C$99.70.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. TD Securities raised their price target on Exchange Income from C$92.00 to C$102.00 and gave the company a “buy” rating in a research report on Monday, January 19th. Canaccord Genuity Group increased their price objective on Exchange Income from C$107.00 to C$109.00 and gave the company a “buy” rating in a research report on Tuesday, February 3rd. Canadian Imperial Bank of Commerce raised their price objective on Exchange Income from C$93.00 to C$106.00 in a report on Wednesday, January 21st. BMO Capital Markets boosted their target price on Exchange Income from C$69.50 to C$80.00 in a research report on Monday, November 10th. Finally, Ventum Financial increased their price target on shares of Exchange Income from C$95.00 to C$110.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$98.35.

Exchange Income Stock Up 0.8%

The company has a current ratio of 1.76, a quick ratio of 1.13 and a debt-to-equity ratio of 173.72. The stock has a 50 day simple moving average of C$90.39 and a 200 day simple moving average of C$80.17. The firm has a market capitalization of C$5.64 billion, a PE ratio of 36.43, a PEG ratio of 1.42 and a beta of 1.01.

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.