Exchange Income (TSE:EIF) Given New C$105.00 Price Target at Scotiabank

Exchange Income (TSE:EIF) had its price objective boosted by investment analysts at Scotiabank from C$90.00 to C$105.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Scotiabank’s price objective points to a potential upside of 10.19% from the company’s previous close.

A number of other analysts have also recently weighed in on the stock. Ventum Financial increased their target price on shares of Exchange Income from C$95.00 to C$110.00 and gave the stock a “buy” rating in a report on Tuesday. BMO Capital Markets upped their price objective on Exchange Income from C$69.50 to C$80.00 in a research note on Monday, November 10th. Canaccord Genuity Group boosted their price target on Exchange Income from C$85.00 to C$107.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. TD Securities increased their price target on Exchange Income from C$92.00 to C$102.00 and gave the company a “buy” rating in a research note on Monday. Finally, Royal Bank Of Canada raised their target price on shares of Exchange Income from C$94.00 to C$103.00 and gave the stock an “outperform” rating in a report on Monday, January 12th. One investment 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 stock. According to MarketBeat, Exchange Income currently has an average rating of “Buy” and a consensus target price of C$95.96.

Exchange Income Stock Up 2.0%

Shares of EIF traded up C$1.91 during mid-day trading on Wednesday, reaching C$95.29. 147,585 shares of the stock traded hands, compared to its average volume of 152,120. The stock has a fifty day simple moving average of C$82.68 and a 200 day simple moving average of C$75.68. The firm has a market cap of C$5.34 billion, a price-to-earnings ratio of 34.53, a P/E/G ratio of 1.42 and a beta of 0.90. Exchange Income has a 12-month low of C$45.00 and a 12-month high of C$95.32. The company has a quick ratio of 1.13, a current ratio of 1.76 and a debt-to-equity ratio of 173.72.

Exchange Income (TSE:EIF) last issued its quarterly earnings data 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 firm had revenue of C$959.74 million for the quarter. Sell-side analysts expect 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.