Exchange Income (TSE:EIF – Get Rating) was upgraded by equities researchers at Scotiabank to a “buy” rating in a research report issued on Wednesday, TipRanks reports. The brokerage currently has a C$56.00 target price on the stock. Scotiabank’s price target suggests a potential upside of 29.51% from the stock’s previous close.
Several other analysts have also weighed in on the stock. Raymond James set a C$55.00 price objective on shares of Exchange Income and gave the stock a “strong-buy” rating in a report on Friday, February 25th. CIBC increased their price target on shares of Exchange Income from C$44.00 to C$47.00 and gave the company a “neutral” rating in a research note on Thursday, April 14th. Finally, TD Securities decreased their price target on shares of Exchange Income from C$52.00 to C$49.00 and set a “buy” rating on the stock in a research note on Wednesday, May 4th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Exchange Income presently has an average rating of “Buy” and an average price target of C$51.70.
Shares of TSE EIF traded up C$4.45 during mid-day trading on Wednesday, hitting C$43.24. 166,788 shares of the stock were exchanged, compared to its average volume of 100,349. The company has a market cap of C$1.68 billion and a P/E ratio of 24.01. The stock’s fifty day simple moving average is C$41.33 and its two-hundred day simple moving average is C$42.42. The company has a debt-to-equity ratio of 161.35, a quick ratio of 0.85 and a current ratio of 1.47. Exchange Income has a twelve month low of C$37.79 and a twelve month high of C$47.77.
Exchange Income Company Profile (Get Rating)
Exchange Income Corporation engages in aerospace and aviation services and equipment, and manufacturing businesses worldwide. It operates through two segments, Aerospace & Aviation, and Manufacturing. The Aerospace & Aviation segment offers scheduled airline and charter services, and emergency medical services to communities located in Manitoba, Ontario, Nunavut, British Columbia, and Alberta, as well as Newfoundland and Labrador, Quebec, New Brunswick, and Nova Scotia.
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