TD Securities Forecasts Strong Price Appreciation for Exchange Income (TSE:EIF) Stock

Exchange Income (TSE:EIF) had its price objective boosted by analysts at TD Securities from C$92.00 to C$102.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ target price suggests a potential upside of 9.23% from the company’s current price.

A number of other brokerages also recently weighed in on EIF. Canaccord Genuity Group raised their target price on shares of Exchange Income from C$85.00 to C$107.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. National Bankshares increased their price target on shares of Exchange Income from C$84.00 to C$88.00 in a report on Monday, November 10th. Royal Bank Of Canada lifted their price objective 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. Raymond James Financial increased their target price on Exchange Income from C$92.00 to C$100.00 and gave the company a “strong-buy” rating in a research note on Friday, January 9th. Finally, Scotiabank raised their price target on Exchange Income from C$80.00 to C$90.00 in a research report on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$93.81.

Exchange Income Stock Performance

Shares of EIF stock opened at C$93.38 on Monday. The firm’s 50 day moving average is C$82.68 and its 200 day moving average is C$75.68. The stock has a market capitalization of C$5.23 billion, a P/E ratio of 33.83, a PEG 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$94.81. 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 released its quarterly earnings data on Friday, November 7th. The company reported C$1.46 earnings per share for the quarter. Exchange Income had a net margin of 4.64% and a return on equity of 9.73%. The business had revenue of C$959.74 million during the quarter. On average, sell-side analysts anticipate that Exchange Income will post 3.9962963 earnings per share for the current 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.