Royal Bank Of Canada Boosts Exchange Income (TSE:EIF) Price Target to C$133.00

Exchange Income (TSE:EIF) had its price target raised by analysts at Royal Bank Of Canada from C$103.00 to C$133.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price points to a potential upside of 21.85% from the company’s current price.

Several other equities research analysts have also recently weighed in on EIF. National Bank Financial increased their price target on shares of Exchange Income from C$110.00 to C$125.00 and gave the company an “outperform” rating in a research report on Thursday. Raymond James Financial raised their target price on Exchange Income from C$100.00 to C$110.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, February 3rd. Canaccord Genuity Group boosted their target price on Exchange Income from C$107.00 to C$109.00 and gave the company a “buy” rating in a research note on Tuesday, February 3rd. BMO Capital Markets lifted their price target on shares of Exchange Income from C$69.50 to C$80.00 in a report on Monday, November 10th. Finally, TD Securities boosted their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Exchange Income currently has a consensus rating of “Buy” and an average price target of C$114.42.

Exchange Income Price Performance

Shares of EIF stock traded up C$1.02 during trading hours on Thursday, hitting C$109.15. 149,482 shares of the company’s stock were exchanged, compared to its average volume of 186,521. The company has a market capitalization of C$6.12 billion, a PE ratio of 39.55, a PEG ratio of 1.42 and a beta of 1.01. 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 has a 12-month low of C$45.00 and a 12-month high of C$111.00. The business’s 50 day simple moving average is C$92.71 and its 200-day simple moving average is C$81.55.

Exchange Income (TSE:EIF) last released its earnings results on Tuesday, February 24th. The company reported C$1.06 EPS for the quarter. The company had revenue of C$929.55 million for the quarter. Exchange Income had a net margin of 4.64% and a return on equity of 9.73%. On average, equities research analysts anticipate that Exchange Income will post 3.9962963 earnings per share for the current 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.