Acumen Capital Forecasts Strong Price Appreciation for Currency Exchange International (TSE:CXI) Stock

Currency Exchange International (TSE:CXI) had its target price raised by stock analysts at Acumen Capital from C$30.00 to C$32.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Acumen Capital’s price target suggests a potential upside of 34.40% from the stock’s previous close.

Currency Exchange International Stock Up 3.5%

CXI stock opened at C$23.81 on Friday. The stock has a fifty day moving average of C$22.58 and a 200-day moving average of C$22.36. Currency Exchange International has a fifty-two week low of C$19.55 and a fifty-two week high of C$25.00. The company has a market capitalization of C$146.05 million, a price-to-earnings ratio of 34.51 and a beta of 0.71. The company has a debt-to-equity ratio of 14.28, a quick ratio of 1.62 and a current ratio of 2.65.

Currency Exchange International (TSE:CXI) last released its quarterly earnings data on Wednesday, January 21st. The company reported C$1.03 EPS for the quarter. The business had revenue of C$28.92 million for the quarter. Currency Exchange International had a net margin of 2.90% and a return on equity of 3.06%. As a group, equities research analysts predict that Currency Exchange International will post 2.9278107 earnings per share for the current year.

About Currency Exchange International

Currency Exchange International Corp operates as a money service business and provides currency exchange, wire transfer, and cheque cashing services at its locations in the United States and Canada. The company earns maximum revenue from the United States of America. The company earns revenue in the form of Commission and Fee income.