Exchange Income Co. (TSE:EIF) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Exchange Income Co. (TSE:EIF) have been assigned a consensus recommendation of “Buy” from the thirteen brokerages that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$98.35.

Several research analysts recently issued reports on EIF shares. Canadian Imperial Bank of Commerce increased their price objective on shares of Exchange Income from C$93.00 to C$106.00 in a report on Wednesday, January 21st. National Bankshares upped their target price on shares of Exchange Income from C$109.00 to C$110.00 and gave the company an “outperform” rating in a research report on Tuesday, February 3rd. Desjardins upped 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. Scotiabank upped their target price on shares of Exchange Income from C$90.00 to C$105.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. 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 stock an “outperform” rating in a report on Monday, January 12th.

Exchange Income Trading Up 0.3%

Shares of Exchange Income stock opened at C$98.93 on Tuesday. The stock has a market capitalization of C$5.55 billion, a P/E ratio of 35.84, a price-to-earnings-growth ratio of 1.42 and a beta of 1.01. The company has a 50-day simple moving average of C$88.32 and a 200 day simple moving average of C$78.81. 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 has a 12-month low of C$45.00 and a 12-month high of C$101.18.

Exchange Income (TSE:EIF) last posted 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 company had revenue of C$959.74 million during the quarter. Research analysts expect that Exchange Income 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.