Exchange Income (TSE:EIF) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Exchange Income Co. (TSE:EIF) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$85.62 and traded as high as C$103.28. Exchange Income shares last traded at C$102.65, with a volume of 125,255 shares changing hands.

Analyst Ratings Changes

Several research firms have weighed in on EIF. Raymond James Financial increased their price objective on Exchange Income from C$110.00 to C$125.00 and gave the stock a “strong-buy” rating in a research 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 company a “buy” rating in a research note on Thursday, February 26th. Canaccord Genuity Group upped their price target on shares of Exchange Income from C$109.00 to C$116.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. ATB Cormark Capital Markets lifted their price objective on shares of Exchange Income from C$120.00 to C$125.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Finally, TD Securities lifted their price objective on shares of Exchange Income from C$102.00 to C$125.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of C$115.04.

Exchange Income Stock Performance

The stock has a market cap of C$5.76 billion, a P/E ratio of 32.90, a price-to-earnings-growth ratio of 1.42 and a beta of 0.93. The company has a current ratio of 1.71, a quick ratio of 1.13 and a debt-to-equity ratio of 149.91. The stock has a 50 day simple moving average of C$99.37 and a 200 day simple moving average of C$85.62.

Exchange Income (TSE:EIF) last released 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 return on equity of 10.61% and a net margin of 5.11%. On average, equities analysts expect that Exchange Income Co. will post 3.9962963 earnings per share for the current year.

Exchange Income Company Profile

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.