Exchange Income (TSE:EIF) Sets New 12-Month High – Here’s Why

Exchange Income Co. (TSE:EIF) reached a new 52-week high during trading on Tuesday . The company traded as high as C$100.97 and last traded at C$100.73, with a volume of 49699 shares. The stock had previously closed at C$100.10.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on EIF shares. Royal Bank Of Canada lifted 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 research note on Monday, January 12th. TD Securities upped their target price on Exchange Income from C$92.00 to C$102.00 and gave the stock a “buy” rating in a report on Monday, January 19th. Desjardins upped their target price on Exchange Income from C$87.00 to C$102.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Raymond James Financial increased their price target on Exchange Income from C$100.00 to C$110.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, February 3rd. Finally, Canaccord Genuity Group lifted their price objective on Exchange Income from C$107.00 to C$109.00 and gave the company a “buy” rating in a report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Exchange Income has an average rating of “Buy” and a consensus price target of C$98.35.

Exchange Income Price Performance

The firm has a market capitalization of C$5.67 billion, a PE ratio of 36.64, a P/E/G ratio of 1.42 and a beta of 1.01. The company has a debt-to-equity ratio of 173.72, a quick ratio of 1.13 and a current ratio of 1.76. The stock has a fifty day moving average price of C$91.84 and a 200-day moving average price of C$81.13.

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.