Scotiabank Issues Positive Forecast for Exchange Income (TSE:EIF) Stock Price

Exchange Income (TSE:EIF) had its price target raised by equities research analysts at Scotiabank from C$121.00 to C$129.00 in a research note issued on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Scotiabank’s price target suggests a potential upside of 31.61% from the company’s previous close.

Several other equities analysts have also commented on the company. ATB Cormark Capital Markets increased their target price on Exchange Income from C$120.00 to C$125.00 and gave the company a “buy” rating in a report on Thursday, February 26th. National Bank Financial upped their price objective on Exchange Income from C$110.00 to C$125.00 and gave the stock an “outperform” rating in a research report on Thursday, February 26th. Raymond James Financial raised their target price on Exchange Income from C$110.00 to C$125.00 and gave the stock a “strong-buy” rating in a research report on Thursday, February 26th. Canadian Imperial Bank of Commerce boosted their target price on Exchange Income from C$106.00 to C$120.00 and gave the stock an “outperform” rating in a research note on Thursday, February 26th. Finally, Canaccord Genuity Group upped their price target on Exchange Income from C$109.00 to C$116.00 and gave the company a “buy” rating in a report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Exchange Income presently has a consensus rating of “Buy” and a consensus target price of C$115.04.

Exchange Income Stock Down 3.0%

Exchange Income stock traded down C$3.02 during trading on Monday, reaching C$98.02. The stock had a trading volume of 206,378 shares, compared to its average volume of 189,913. The company has a quick ratio of 1.13, a current ratio of 1.71 and a debt-to-equity ratio of 149.91. Exchange Income has a 52-week low of C$45.00 and a 52-week high of C$111.00. The stock has a market cap of C$5.50 billion, a PE ratio of 31.42, a P/E/G ratio of 1.42 and a beta of 0.93. The business has a 50 day moving average price of C$95.55 and a 200 day moving average price of C$83.18.

Exchange Income (TSE:EIF) last announced its quarterly earnings data on Tuesday, February 24th. The company reported C$1.06 earnings per share for the quarter. The business had revenue of C$929.55 million for the quarter. Exchange Income had a net margin of 5.11% and a return on equity of 10.61%. On average, analysts predict that Exchange Income will post 3.9962963 EPS for the current year.

About Exchange Income

Exchange Income Corporation is a diversified acquisition-oriented company, focused in two segments: Aerospace & Aviation and Manufacturing. The Corporation uses a disciplined acquisition strategy to identify already profitable, well-established companies that have strong management teams, generate steady cash flow, operate in niche markets and have opportunities for organic growth.