National Bankshares Forecasts Strong Price Appreciation for Exchange Income (TSE:EIF) Stock

Exchange Income (TSE:EIF) had its price target raised by research analysts at National Bankshares from C$88.00 to C$109.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price target would indicate a potential upside of 13.79% from the company’s previous close.

A number of other equities research analysts also recently issued reports on EIF. BMO Capital Markets upped their price objective on Exchange Income from C$69.50 to C$80.00 in a research report on Monday, November 10th. Canaccord Genuity Group increased their price target on Exchange Income from C$85.00 to C$107.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. TD Securities raised their price target on Exchange Income from C$92.00 to C$102.00 and gave the stock a “buy” rating in a research report on Monday. Scotiabank boosted their price objective on shares of Exchange Income from C$80.00 to C$90.00 in a research report on Monday, November 10th. Finally, Royal Bank Of Canada increased their target price on shares of Exchange Income from C$94.00 to C$103.00 and gave the company an “outperform” rating in a research note on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$95.96.

Exchange Income Price Performance

EIF stock opened at C$95.79 on Tuesday. Exchange Income has a 52 week low of C$45.00 and a 52 week high of C$96.13. The firm has a market capitalization of C$5.37 billion, a P/E ratio of 34.71, a price-to-earnings-growth ratio of 1.42 and a beta of 0.90. The company has a fifty day simple moving average of C$83.07 and a two-hundred day simple moving average of C$75.82. The company has a quick ratio of 1.13, a current ratio of 1.76 and a debt-to-equity ratio of 173.72.

Exchange Income (TSE:EIF) last announced its earnings results on Friday, November 7th. The company reported C$1.46 earnings per share (EPS) for the quarter. Exchange Income had a net margin of 4.64% and a return on equity of 9.73%. The firm had revenue of C$959.74 million for the quarter. Analysts anticipate that Exchange Income will post 3.9962963 earnings per share for the current fiscal 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.