Canaccord Genuity Group Increases Exchange Income (TSE:EIF) Price Target to C$109.00

Exchange Income (TSE:EIF) had its target price boosted by Canaccord Genuity Group from C$107.00 to C$109.00 in a report released on Tuesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 10.34% from the company’s current price.

Several other equities analysts have also recently weighed in on EIF. CIBC increased their price target on Exchange Income from C$93.00 to C$106.00 in a report on Wednesday, January 21st. National Bankshares increased their target price on Exchange Income from C$88.00 to C$109.00 and gave the company an “outperform” rating in a report on Tuesday, January 20th. Desjardins boosted their price target on Exchange Income from C$87.00 to C$102.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Royal Bank Of Canada upped their price target on shares of Exchange Income from C$94.00 to C$103.00 and gave the company an “outperform” rating in a research report on Monday, January 12th. Finally, BMO Capital Markets raised their price objective on shares of Exchange Income from C$69.50 to C$80.00 in a report on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$98.35.

Exchange Income Price Performance

EIF opened at C$98.79 on Tuesday. The company’s 50-day simple moving average is C$87.19 and its two-hundred day simple moving average is C$78.03. 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$5.54 billion, a P/E ratio of 35.79, a P/E/G ratio of 1.42 and a beta of 1.01. Exchange Income has a 52-week low of C$45.00 and a 52-week high of C$101.18.

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 firm had revenue of C$959.74 million during the quarter. As a group, analysts predict that Exchange Income will post 3.9962963 EPS 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.