Exchange Income (EIF) Given New C$37.50 Price Target at CIBC

Exchange Income (TSE:EIF) had its price objective boosted by equities researchers at CIBC from C$35.00 to C$37.50 in a research note issued to investors on Friday. The brokerage currently has a “neutral” rating on the stock. CIBC’s price objective suggests a potential upside of 11.11% from the stock’s current price.

A number of other research analysts also recently issued reports on the stock. National Bank Financial restated an “outperform” rating and set a C$44.00 target price on shares of Exchange Income in a research report on Thursday, December 21st. Canaccord Genuity boosted their target price on shares of Exchange Income from C$42.00 to C$42.50 in a research report on Friday, November 17th. TD Securities boosted their target price on shares of Exchange Income from C$43.00 to C$45.00 and gave the company a “buy” rating in a research report on Thursday, November 16th. Scotiabank boosted their target price on shares of Exchange Income from C$42.00 to C$43.00 and gave the company an “outperform” rating in a research report on Wednesday, November 15th. Finally, Royal Bank of Canada boosted their target price on shares of Exchange Income from C$38.00 to C$39.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 15th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of C$43.78.

Exchange Income (TSE EIF) traded up C$0.17 during trading hours on Friday, hitting C$33.75. 27,547 shares of the stock traded hands, compared to its average volume of 73,699. Exchange Income has a 1-year low of C$25.80 and a 1-year high of C$42.30. The firm has a market capitalization of $1,060.00, a P/E ratio of 16.38 and a beta of 0.70.

Exchange Income (TSE:EIF) last posted its quarterly earnings data on Wednesday, November 8th. The company reported C$0.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.81 by C$0.03. Exchange Income had a net margin of 9.43% and a return on equity of 17.22%.

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About Exchange Income

Exchange Income Corporation is focused on opportunities in aerospace and aviation services and equipment, and manufacturing. The Company operates through two segments: Aviation and Manufacturing. The Aviation segment provides scheduled airline and charter service, and emergency medical services to communities located in Manitoba, Ontario and Nunavut.

Analyst Recommendations for Exchange Income (TSE:EIF)

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