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

Exchange Income (TSE:EIF) had its price objective increased by Scotiabank from C$105.00 to C$121.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price objective points to a potential upside of 10.86% from the stock’s current price.

A number of other research analysts also recently commented on the stock. TD Securities raised their target price on shares of Exchange Income from C$102.00 to C$125.00 and gave the company a “buy” rating in a research report on Thursday. Royal Bank Of Canada boosted their price objective on shares of Exchange Income from C$103.00 to C$133.00 and gave the stock an “outperform” rating in a research note on Thursday. National Bank Financial upped their target price on Exchange Income from C$110.00 to C$125.00 and gave the stock an “outperform” rating in a report on Thursday. Canaccord Genuity Group raised their price objective on Exchange Income from C$107.00 to C$109.00 and gave the company a “buy” rating in a research report on Tuesday, February 3rd. Finally, Canadian Imperial Bank of Commerce increased their price target on shares of Exchange Income from C$106.00 to C$120.00 and gave the company an “outperform” rating in a research report on Thursday. One investment 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, Exchange Income currently has an average rating of “Buy” and an average target price of C$114.42.

Exchange Income Trading Up 0.9%

Shares of TSE EIF traded up C$1.02 during trading hours on Thursday, reaching C$109.15. The stock had a trading volume of 149,482 shares, compared to its average volume of 186,521. Exchange Income has a 52-week low of C$45.00 and a 52-week high of C$111.00. The firm has a market cap of C$6.12 billion, a price-to-earnings ratio of 39.55, a P/E/G ratio of 1.42 and a beta of 1.01. The business’s fifty day moving average price is C$92.71 and its two-hundred day moving average price is C$81.55. The company has a current ratio of 1.76, a quick ratio of 1.13 and a debt-to-equity ratio of 173.72.

Exchange Income (TSE:EIF) last issued its earnings results on Tuesday, February 24th. The company reported C$1.06 earnings per share 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$929.55 million during the quarter. Analysts expect 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.