CIBC Boosts Exchange Income (TSE:EIF) Price Target to C$106.00

Exchange Income (TSE:EIF) had its price target boosted by research analysts at CIBC from C$93.00 to C$106.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. CIBC’s price target points to a potential upside of 11.24% from the stock’s current price.

A number of other analysts have also commented on EIF. BMO Capital Markets boosted their target price on Exchange Income from C$69.50 to C$80.00 in a research report on Monday, November 10th. Raymond James Financial upped their target price on Exchange Income from C$92.00 to C$100.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 9th. National Bankshares lifted their price target on shares of Exchange Income from C$88.00 to C$109.00 and gave the company an “outperform” rating in a research report on Tuesday. Scotiabank upped their price objective on shares of Exchange Income from C$80.00 to C$90.00 in a report on Monday, November 10th. Finally, Ventum Financial raised 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 note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$95.96.

Exchange Income Trading Up 2.0%

Shares of EIF stock traded up C$1.91 during mid-day trading on Wednesday, hitting C$95.29. The company’s stock had a trading volume of 147,585 shares, compared to its average volume of 152,120. The company’s fifty day simple moving average is C$82.68 and its 200-day simple moving average is C$75.68. Exchange Income has a 52 week low of C$45.00 and a 52 week high of C$95.32. The company has a market cap of C$5.34 billion, a PE ratio of 34.53, a P/E/G ratio of 1.42 and a beta of 0.90. The company has a debt-to-equity ratio of 173.72, a quick ratio of 1.13 and a current ratio of 1.76.

Exchange Income (TSE:EIF) last posted its quarterly earnings results on Friday, November 7th. The company reported C$1.46 earnings per share (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, equities 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.