Exchange Income (TSE:EIF) Reaches New 12-Month High – Here’s Why

Exchange Income Co. (TSE:EIF)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as C$85.15 and last traded at C$84.53, with a volume of 71714 shares traded. The stock had previously closed at C$84.85.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on EIF. CIBC increased their price objective on Exchange Income from C$85.50 to C$93.00 in a research note on Monday, November 10th. Scotiabank increased their price target on shares of Exchange Income from C$80.00 to C$90.00 in a research report on Monday, November 10th. Raymond James Financial raised their price target on shares of Exchange Income from C$90.00 to C$92.00 in a report on Monday, November 10th. 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, November 10th. Finally, Royal Bank Of Canada set a C$94.00 target price on Exchange Income and gave the stock an “outperform” rating in a research note on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Exchange Income has an average rating of “Buy” and a consensus target price of C$85.19.

Exchange Income Stock Performance

The company’s 50-day moving average price is C$79.19 and its 200 day moving average price is C$72.13. 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 market capitalization of C$4.57 billion, a PE ratio of 30.47, a PEG ratio of 1.42 and a beta of 0.68.

Exchange Income (TSE:EIF) last announced its earnings results on Friday, November 7th. The company reported C$1.46 earnings per share for the quarter. Exchange Income had a net margin of 4.64% and a return on equity of 9.73%. The firm had revenue of C$959.74 million for the quarter. On average, equities research analysts expect that Exchange Income Co. will post 3.9962963 earnings per share 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. 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.