Exchange Income (TSE:EIF) Price Target Raised to C$129.00

Exchange Income (TSE:EIF) had its price target increased by Scotiabank from C$121.00 to C$129.00 in a report published on Monday,BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

EIF has been the subject of several other research reports. Canaccord Genuity Group increased their price target on Exchange Income from C$109.00 to C$116.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Canadian Imperial Bank of Commerce lifted their price objective on shares of Exchange Income from C$106.00 to C$120.00 and gave the company an “outperform” rating in a research note on Thursday, February 26th. ATB Cormark Capital Markets upped their price objective on shares of Exchange Income from C$120.00 to C$125.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. BMO Capital Markets increased their target price on shares of Exchange Income from C$80.00 to C$100.00 and gave the company a “market perform” rating in a research report on Thursday, February 26th. Finally, 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 note on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Exchange Income currently has a consensus rating of “Buy” and an average target price of C$115.04.

Exchange Income Stock Performance

EIF opened at C$101.66 on Monday. Exchange Income has a twelve month low of C$45.00 and a twelve month high of C$111.00. The stock has a market cap of C$5.71 billion, a PE ratio of 32.58, a price-to-earnings-growth ratio of 1.42 and a beta of 0.93. The business’s 50 day moving average is C$96.63 and its 200-day moving average is C$83.69. The company has a current ratio of 1.71, a quick ratio of 1.13 and a debt-to-equity ratio of 149.91.

Exchange Income (TSE:EIF) last posted its earnings results on Tuesday, February 24th. The company reported C$1.06 EPS for the quarter. Exchange Income had a return on equity of 10.61% and a net margin of 5.11%.The firm had revenue of C$929.55 million for the quarter. On average, analysts predict that Exchange Income will post 3.9962963 earnings per share for the current year.

Exchange Income Company Profile

Exchange Income Corporation is a diversified acquisition-oriented company, focused in two segments: Aerospace & Aviation and Manufacturing. The Corporation uses a disciplined acquisition strategy to identify already profitable, well-established companies that have strong management teams, generate steady cash flow, operate in niche markets and have opportunities for organic growth.