Exchange Income (TSE:EIF) Sets New 12-Month High Following Analyst Upgrade

Exchange Income Co. (TSE:EIF)’s share price reached a new 52-week high during mid-day trading on Tuesday after National Bankshares raised their price target on the stock from C$109.00 to C$110.00. National Bankshares currently has an outperform rating on the stock. Exchange Income traded as high as C$100.20 and last traded at C$99.13, with a volume of 179783 shares trading hands. The stock had previously closed at C$98.26.

Other equities research analysts also recently issued research reports about the stock. Royal Bank Of Canada upped 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. Ventum Financial upped their price objective on shares of Exchange Income from C$95.00 to C$110.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. CIBC raised their price objective on Exchange Income from C$93.00 to C$106.00 in a research note on Wednesday, January 21st. TD Securities lifted their target price on Exchange Income from C$92.00 to C$102.00 and gave the stock a “buy” rating in a report on Monday, January 19th. Finally, BMO Capital Markets increased their price target on 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 given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$98.35.

Exchange Income Stock Down 1.6%

The company has a debt-to-equity ratio of 173.72, a current ratio of 1.76 and a quick ratio of 1.13. The company has a market capitalization of C$5.54 billion, a price-to-earnings ratio of 35.79, a PEG ratio of 1.42 and a beta of 1.01. The firm has a 50-day moving average price of C$87.19 and a two-hundred day moving average price of C$78.03.

Exchange Income (TSE:EIF) last released its 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 for the quarter. Exchange Income had a return on equity of 9.73% and a net margin of 4.64%. As a group, sell-side analysts anticipate that Exchange Income Co. will post 3.9962963 earnings per share for the current fiscal 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.