Exchange Income (TSE:EIF) Price Target Raised to C$102.00

Exchange Income (TSE:EIF) had its price target boosted by research analysts at Desjardins from C$87.00 to C$102.00 in a report released on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price target suggests a potential upside of 5.56% from the stock’s previous close.

Several other research firms have also recently weighed in on EIF. Ventum Financial increased their price objective on Exchange Income from C$95.00 to C$110.00 and gave the company a “buy” rating in a research report on Tuesday. TD Securities upped their target price on shares of Exchange Income from C$92.00 to C$102.00 and gave the company a “buy” rating in a research note on Monday. CIBC increased their price target on shares of Exchange Income from C$93.00 to C$106.00 in a report on Wednesday. BMO Capital Markets increased their target price on shares of Exchange Income from C$69.50 to C$80.00 in a research note on Monday, November 10th. Finally, Royal Bank Of Canada lifted their target price on Exchange Income from C$94.00 to C$103.00 and gave the stock an “outperform” rating in a research report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$97.35.

Exchange Income Stock Performance

EIF stock traded down C$1.21 during mid-day trading on Friday, reaching C$96.63. 169,100 shares of the stock traded hands, compared to its average volume of 173,514. The firm has a market capitalization of C$5.42 billion, a PE ratio of 35.01, a P/E/G ratio of 1.42 and a beta of 0.90. The business has a 50-day moving average of C$83.50 and a two-hundred day moving average of C$75.98. Exchange Income has a 52 week low of C$45.00 and a 52 week high of C$98.72. 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 posted its quarterly earnings data on Friday, November 7th. The company reported C$1.46 earnings per share for the quarter. Exchange Income had a return on equity of 9.73% and a net margin of 4.64%.The business had revenue of C$959.74 million during the quarter. As a group, equities analysts predict that Exchange Income will post 3.9962963 EPS for the current fiscal 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.