Exchange Income (TSE:EIF) Price Target Raised to C$116.00 at Canaccord Genuity Group

Exchange Income (TSE:EIF) had its target price hoisted by Canaccord Genuity Group from C$109.00 to C$116.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 6.28% from the company’s previous close.

Several other brokerages also recently commented on EIF. ATB Cormark Capital Markets increased their price objective on shares of Exchange Income from C$120.00 to C$125.00 and gave the company a “buy” rating in a research note on Thursday. Royal Bank Of Canada boosted their price objective on Exchange Income from C$103.00 to C$133.00 and gave the stock an “outperform” rating in a research report on Thursday. Canadian Imperial Bank of Commerce increased their target price on Exchange Income from C$106.00 to C$120.00 and gave the company an “outperform” rating in a research report on Thursday. TD Securities raised their price objective on shares of Exchange Income from C$102.00 to C$125.00 and gave the company a “buy” rating in a report on Thursday. Finally, National Bank Financial upped their price target on shares of Exchange Income from C$110.00 to C$125.00 and gave the company an “outperform” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$114.42.

Exchange Income Price Performance

EIF traded up C$1.02 on Thursday, hitting C$109.15. 149,482 shares of the stock were exchanged, compared to its average volume of 186,521. The firm has a market capitalization of C$6.12 billion, a price-to-earnings ratio of 39.55, 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 12 month low of C$45.00 and a 12 month high of C$111.00. The business has a 50-day moving average of C$92.71 and a two-hundred day moving average of C$81.55.

Exchange Income (TSE:EIF) last issued its earnings results on Tuesday, February 24th. The company reported C$1.06 EPS for the quarter. The company had revenue of C$929.55 million during the quarter. Exchange Income had a net margin of 4.64% and a return on equity of 9.73%. Sell-side analysts forecast that Exchange Income will post 3.9962963 EPS for the current fiscal 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.