Exchange Income (TSE:EIF) Price Target Raised to C$100.00

Exchange Income (TSE:EIF) had its price target upped by stock analysts at BMO Capital Markets from C$80.00 to C$100.00 in a report released on Thursday,BayStreet.CA reports. The brokerage presently has a “market perform” rating on the stock. BMO Capital Markets’ target price would indicate a potential downside of 8.38% from the company’s current price.

A number of other analysts have also recently commented on EIF. Canadian Imperial Bank of Commerce upped their price target on shares of Exchange Income from C$93.00 to C$106.00 in a research note on Wednesday, January 21st. National Bank Financial raised their price objective 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. Ventum Financial upped their target price on shares of Exchange Income from C$110.00 to C$135.00 and gave the stock a “buy” rating in a report on Thursday. Canaccord Genuity Group raised their price target on shares of Exchange Income from C$107.00 to C$109.00 and gave the company a “buy” rating in a report on Tuesday, February 3rd. Finally, TD Securities boosted their price objective on Exchange Income from C$102.00 to C$125.00 and gave the stock a “buy” rating in a 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 assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$114.42.

Exchange Income Stock Performance

TSE:EIF traded up C$1.02 on Thursday, hitting C$109.15. The company’s stock had a trading volume of 149,482 shares, compared to its average volume of 186,521. Exchange Income has a one year low of C$45.00 and a one year high of C$111.00. The firm has a market capitalization of C$6.12 billion, a P/E ratio of 39.55, a price-to-earnings-growth ratio of 1.42 and a beta of 1.01. The stock has a fifty day moving average of C$92.71 and a two-hundred day moving average of C$81.55. The company has a current ratio of 1.76, a quick ratio of 1.13 and a debt-to-equity ratio of 173.72.

Exchange Income (TSE:EIF) last posted its quarterly earnings results on Tuesday, February 24th. The company reported C$1.06 earnings per share for the quarter. The company had revenue of C$929.55 million for the quarter. Exchange Income had a net margin of 4.64% and a return on equity of 9.73%. Research analysts predict that Exchange Income will post 3.9962963 earnings per share for the current 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.