Exchange Income (TSE:EIF) Sets New 1-Year High on Analyst Upgrade

Shares of Exchange Income Co. (TSE:EIF) hit a new 52-week high during trading on Thursday after Scotiabank raised their price target on the stock from C$90.00 to C$105.00. Scotiabank currently has an outperform rating on the stock. Exchange Income traded as high as C$96.13 and last traded at C$95.79, with a volume of 340153 shares trading hands. The stock had previously closed at C$93.38.

Other equities analysts have also issued research reports about the company. BMO Capital Markets upped their price objective on Exchange Income from C$69.50 to C$80.00 in a research note on Monday, November 10th. CIBC upped their price target on Exchange Income from C$93.00 to C$106.00 in a research note on Wednesday. Royal Bank Of Canada boosted their target price 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. Ventum Financial upped their target price on shares of Exchange Income from C$95.00 to C$110.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Canaccord Genuity Group lifted their price target on shares of Exchange Income from C$85.00 to C$107.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Exchange Income has an average rating of “Buy” and a consensus price target of C$95.96.

Exchange Income Stock Performance

The business’s fifty day moving average price is C$83.07 and its two-hundred day moving average price is C$75.82. The company has a debt-to-equity ratio of 173.72, a quick ratio of 1.13 and a current ratio of 1.76. The stock has a market capitalization of C$5.37 billion, a P/E ratio of 34.71, a P/E/G ratio of 1.42 and a beta of 0.90.

Exchange Income (TSE:EIF) last announced its quarterly earnings results on Friday, November 7th. The company reported C$1.46 EPS for the quarter. The firm had revenue of C$959.74 million during the quarter. Exchange Income had a net margin of 4.64% and a return on equity of 9.73%. As a group, sell-side analysts forecast that Exchange Income Co. 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.