Royal Bank Of Canada Forecasts Strong Price Appreciation for Exchange Income (TSE:EIF) Stock

Exchange Income (TSE:EIF) had its price target boosted by analysts at Royal Bank Of Canada from C$85.00 to C$94.00 in a research report issued on Wednesday,BayStreet.CA reports. Royal Bank Of Canada’s price target indicates a potential upside of 22.78% from the stock’s current price.

A number of other analysts have also commented on EIF. BMO Capital Markets upped their price objective on shares of Exchange Income from C$69.50 to C$80.00 in a research note on Monday. Cormark upped their price target on shares of Exchange Income from C$67.00 to C$78.50 and gave the company a “buy” rating in a research report on Thursday, July 31st. ATB Capital lifted their price objective on shares of Exchange Income from C$70.00 to C$81.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 13th. Scotiabank boosted their target price on shares of Exchange Income from C$80.00 to C$90.00 in a research note on Monday. Finally, TD Securities raised their target price on Exchange Income from C$70.00 to C$84.00 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. One equities research 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 company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$85.19.

Exchange Income Stock Performance

EIF opened at C$76.56 on Wednesday. The company has a quick ratio of 1.13, a current ratio of 1.76 and a debt-to-equity ratio of 173.72. The firm has a market cap of C$4.16 billion, a PE ratio of 29.11, a P/E/G ratio of 1.42 and a beta of 0.70. The business has a fifty day simple moving average of C$74.68 and a 200-day simple moving average of C$66.89. Exchange Income has a fifty-two week low of C$45.00 and a fifty-two week high of C$78.91.

Exchange Income (TSE:EIF) last announced its earnings results on Friday, November 7th. The company reported C$1.24 earnings per share (EPS) for the quarter. Exchange Income had a return on equity of 9.73% and a net margin of 4.64%.The company had revenue of C$959.74 million for the quarter. As a group, equities analysts predict 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.