Brokerages Set Exchange Income Co. (TSE:EIF) PT at C$85.19

Exchange Income Co. (TSE:EIF) has been given an average recommendation of “Buy” by the thirteen research firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$85.19.

A number of research firms have recently issued reports on EIF. BMO Capital Markets upped their price target on Exchange Income from C$69.50 to C$80.00 in a research report on Monday, November 10th. CIBC upped their target price on Exchange Income from C$85.50 to C$93.00 in a report on Monday, November 10th. Ventum Financial set a C$81.00 target price on Exchange Income and gave the stock a “buy” rating in a research note on Tuesday, September 16th. Royal Bank Of Canada set a C$94.00 price target on shares of Exchange Income and gave the company an “outperform” rating in a research report on Tuesday, November 25th. Finally, Scotiabank upped their price objective on shares of Exchange Income from C$80.00 to C$90.00 in a report on Monday, November 10th.

Exchange Income Price Performance

Exchange Income stock opened at C$84.09 on Monday. The company has a fifty day simple moving average of C$79.33 and a 200-day simple moving average of C$72.31. The firm has a market capitalization of C$4.57 billion, a price-to-earnings ratio of 30.47, a PEG ratio of 1.42 and a beta of 0.68. The company has a quick ratio of 1.13, a current ratio of 1.76 and a debt-to-equity ratio of 173.72. Exchange Income has a 52-week low of C$45.00 and a 52-week high of C$85.15.

Exchange Income (TSE:EIF) last posted its quarterly earnings results 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, equities analysts anticipate that Exchange Income 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.