Exchange Income (TSE:EIF) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Exchange Income Co. (TSE:EIF) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$84.34 and traded as high as C$101.40. Exchange Income shares last traded at C$100.89, with a volume of 191,678 shares traded.

Analysts Set New Price Targets

EIF has been the subject of a number of research reports. National Bank Financial lifted their target price on Exchange Income from C$110.00 to C$125.00 and gave the company an “outperform” rating in a research note on Thursday, February 26th. Desjardins raised their price target on Exchange Income from C$87.00 to C$102.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Raymond James Financial boosted their price objective on Exchange Income from C$110.00 to C$125.00 and gave the company a “strong-buy” rating in a research report on Thursday, February 26th. Canaccord Genuity Group upped their price objective on Exchange Income from C$109.00 to C$116.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Finally, BMO Capital Markets raised their target price on Exchange Income from C$80.00 to C$100.00 and gave the company a “market perform” rating in a research note on Thursday, February 26th. One 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 a consensus target price of C$115.04.

Exchange Income Stock Performance

The company has a debt-to-equity ratio of 149.91, a current ratio of 1.71 and a quick ratio of 1.13. The stock has a fifty day moving average price of C$98.31 and a two-hundred day moving average price of C$84.69. The company has a market cap of C$5.78 billion, a P/E ratio of 33.01, a PEG ratio of 1.42 and a beta of 0.93.

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