Exchange Income (TSE:EIF) Stock Price Expected to Rise, Raymond James Financial Analyst Says

Exchange Income (TSE:EIF) had its target price raised by investment analysts at Raymond James Financial from C$92.00 to C$100.00 in a report issued on Friday,BayStreet.CA reports. The brokerage currently has a “strong-buy” rating on the stock. Raymond James Financial’s price target would indicate a potential upside of 12.73% from the stock’s current price.

Several other equities research analysts have also weighed in on EIF. National Bankshares increased their price objective on shares of Exchange Income from C$84.00 to C$88.00 in a research note on Monday, November 10th. BMO Capital Markets increased their price target on Exchange Income from C$69.50 to C$80.00 in a research report on Monday, November 10th. CIBC boosted their price objective on Exchange Income from C$85.50 to C$93.00 in a research report on Monday, November 10th. Royal Bank Of Canada set a C$94.00 price objective on Exchange Income and gave the stock an “outperform” rating in a research note on Tuesday, November 25th. Finally, Ventum Financial set a C$81.00 target price on Exchange Income and gave the company a “buy” rating in a research note on Tuesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$85.81.

Exchange Income Stock Performance

Shares of Exchange Income stock opened at C$88.71 on Friday. 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 firm has a market cap of C$4.97 billion, a PE ratio of 32.14, a price-to-earnings-growth ratio of 1.42 and a beta of 0.90. Exchange Income has a 1 year low of C$45.00 and a 1 year high of C$89.25. The firm’s 50-day simple moving average is C$80.82 and its 200-day simple moving average is C$74.28.

Exchange Income (TSE:EIF) last released 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 during the quarter. Equities analysts forecast that Exchange Income will post 3.9962963 earnings per share 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.