Exchange Income (TSE:EIF) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Shares of Exchange Income Co. (TSE:EIF) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$84.34 and traded as high as C$101.40. Exchange Income shares last traded at C$100.89, with a volume of 191,678 shares trading hands.

Analysts Set New Price Targets

A number of research analysts recently issued reports on EIF shares. ATB Cormark Capital Markets boosted their price objective on Exchange Income from C$120.00 to C$125.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. BMO Capital Markets raised their target price on shares of Exchange Income from C$80.00 to C$100.00 and gave the stock a “market perform” rating in a research note on Thursday, February 26th. Royal Bank Of Canada lifted their price target on shares of Exchange Income from C$103.00 to C$133.00 and gave the company an “outperform” rating in a report on Thursday, February 26th. Ventum Financial upped their price target on shares of Exchange Income from C$110.00 to C$135.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Finally, Canaccord Genuity Group increased their price objective on shares of Exchange Income from C$109.00 to C$116.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$115.04.

Exchange Income Stock Performance

The firm’s 50-day moving average price is C$97.65 and its 200-day moving average price is C$84.34. The company has a debt-to-equity ratio of 149.91, a current ratio of 1.71 and a quick ratio of 1.13. The stock has a market cap of C$5.66 billion, a P/E ratio of 32.34, a PEG ratio of 1.42 and a beta of 0.93.

Exchange Income (TSE:EIF) last issued its earnings results on Tuesday, February 24th. The company reported C$1.06 earnings per share for the quarter. The firm had revenue of C$929.55 million during the quarter. Exchange Income had a net margin of 5.11% and a return on equity of 10.61%. Sell-side analysts expect that Exchange Income Co. will post 3.9962963 earnings per share for the current fiscal year.

About Exchange Income

Exchange Income Corporation is a diversified acquisition-oriented company, focused in two segments: Aerospace & Aviation and Manufacturing. The Corporation uses a disciplined acquisition strategy to identify already profitable, well-established companies that have strong management teams, generate steady cash flow, operate in niche markets and have opportunities for organic growth.