Exchange Income (TSE:EIF) Sets New 1-Year High Following Analyst Upgrade

Exchange Income Co. (TSE:EIF)’s share price reached a new 52-week high during mid-day trading on Tuesday after National Bankshares raised their price target on the stock from C$109.00 to C$110.00. National Bankshares currently has an outperform rating on the stock. Exchange Income traded as high as C$100.20 and last traded at C$99.13, with a volume of 179783 shares changing hands. The stock had previously closed at C$98.26.

Several other research analysts also recently commented on EIF. Royal Bank Of Canada raised their price objective on Exchange Income from C$94.00 to C$103.00 and gave the stock an “outperform” rating in a report on Monday, January 12th. TD Securities lifted their price objective on Exchange Income from C$92.00 to C$102.00 and gave the company a “buy” rating in a report on Monday, January 19th. BMO Capital Markets increased their target price on shares of Exchange Income from C$69.50 to C$80.00 in a report on Monday, November 10th. Desjardins raised their target price on shares of Exchange Income from C$87.00 to C$102.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. Finally, CIBC upped their target price on Exchange Income from C$93.00 to C$106.00 in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Exchange Income presently has a consensus rating of “Buy” and an average price target of C$98.35.

Exchange Income Price Performance

The company has a debt-to-equity ratio of 173.72, a current ratio of 1.76 and a quick ratio of 1.13. The stock has a fifty day moving average of C$86.37 and a 200 day moving average of C$77.63. The stock has a market cap of C$5.61 billion, a price-to-earnings ratio of 36.27, a P/E/G ratio of 1.42 and a beta of 0.90.

Exchange Income (TSE:EIF) last released its quarterly earnings data on Friday, November 7th. The company reported C$1.46 earnings per share for the quarter. The firm had revenue of C$959.74 million for the quarter. Exchange Income had a net margin of 4.64% and a return on equity of 9.73%. On average, analysts expect that Exchange Income Co. will post 3.9962963 EPS for the current fiscal year.

About Exchange Income

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.