Exchange Income (TSE:EIF) Stock Price Expected to Rise, Ventum Financial Analyst Says

Exchange Income (TSE:EIF) had its target price raised by equities research analysts at Ventum Financial from C$95.00 to C$110.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Ventum Financial’s target price points to a potential upside of 14.83% from the company’s current price.

Other analysts also recently issued reports about the stock. Scotiabank increased their price objective on shares of Exchange Income from C$80.00 to C$90.00 in a research report on Monday, November 10th. Royal Bank Of Canada increased 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 report on Monday, January 12th. Canaccord Genuity Group boosted their price objective on shares of Exchange Income from C$85.00 to C$107.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. CIBC increased their target price on Exchange Income from C$85.50 to C$93.00 in a research note on Monday, November 10th. Finally, Raymond James Financial lifted their target price on Exchange Income from C$92.00 to C$100.00 and gave the stock a “strong-buy” rating in a report on Friday, January 9th. One equities research 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 company’s stock. According to MarketBeat, Exchange Income has a consensus rating of “Buy” and an average price target of C$95.96.

Exchange Income Stock Up 2.6%

EIF stock opened at C$95.79 on Tuesday. The business has a 50 day moving average of C$83.07 and a 200 day moving average of C$75.82. The firm has a market cap of C$5.37 billion, a PE ratio of 34.71, a price-to-earnings-growth ratio of 1.42 and a beta of 0.90. Exchange Income has a twelve month low of C$45.00 and a twelve month high of C$96.13. 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 (TSE:EIF) last released its earnings results on Friday, November 7th. The company reported C$1.46 EPS for the quarter. Exchange Income had a return on equity of 9.73% and a net margin of 4.64%.The business had revenue of C$959.74 million for the quarter. On average, research analysts forecast that Exchange Income will post 3.9962963 EPS 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.