Exchange Income (TSE:EIF) Given a C$94.00 Price Target by Royal Bank Of Canada Analysts

Exchange Income (TSE:EIF) has been given a C$94.00 target price by stock analysts at Royal Bank Of Canada in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 17.72% from the stock’s current price.

Several other research firms have also recently weighed in on EIF. Cormark increased 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 note on Thursday, July 31st. Canaccord Genuity Group upped their price objective on Exchange Income from C$77.00 to C$80.00 and gave the company a “buy” rating in a report on Wednesday, August 13th. Desjardins raised their target price on Exchange Income from C$73.00 to C$84.00 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. Scotiabank lifted their target price on Exchange Income from C$80.00 to C$90.00 in a research report on Monday, November 10th. Finally, CIBC increased their price target on Exchange Income from C$85.50 to C$93.00 in a report on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Exchange Income currently has a consensus rating of “Buy” and a consensus target price of C$85.19.

Exchange Income Price Performance

TSE:EIF opened at C$79.85 on Tuesday. Exchange Income has a one year low of C$45.00 and a one year high of C$80.75. The stock has a market cap of C$4.10 billion, a PE ratio of 28.93, a P/E/G ratio of 1.42 and a beta of 0.70. The company has a debt-to-equity ratio of 173.72, a quick ratio of 1.13 and a current ratio of 1.76. The stock has a 50 day moving average price of C$75.89 and a 200 day moving average price of C$68.56.

Exchange Income (TSE:EIF) last released its quarterly earnings data on Friday, November 7th. The company reported C$1.24 earnings per share 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. Equities research analysts expect that Exchange Income will post 3.9962963 EPS for the current fiscal year.

Exchange Income Company Profile

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.