CIBC Issues Positive Forecast for Exchange Income (TSE:EIF) Stock Price

Exchange Income (TSE:EIF) had its price objective lifted by CIBC from C$93.00 to C$106.00 in a research note released on Wednesday morning,BayStreet.CA reports.

A number of other analysts have also recently commented on the stock. TD Securities lifted their target price on shares of Exchange Income from C$92.00 to C$102.00 and gave the stock a “buy” rating in a research note on Monday. Ventum Financial lifted their price objective on shares of Exchange Income from C$95.00 to C$110.00 and gave the stock a “buy” rating in a research note on Tuesday. BMO Capital Markets upped their target price on Exchange Income from C$69.50 to C$80.00 in a research report on Monday, November 10th. Royal Bank Of Canada raised their target price on Exchange Income from C$94.00 to C$103.00 and gave the stock an “outperform” rating in a research note on Monday, January 12th. Finally, Canaccord Genuity Group boosted their price target on Exchange Income from C$85.00 to C$107.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. One 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, the stock has a consensus rating of “Buy” and a consensus price target of C$95.96.

Exchange Income Stock Up 2.6%

Shares of EIF stock opened at C$95.79 on Wednesday. Exchange Income has a 1-year low of C$45.00 and a 1-year high of C$96.13. The stock’s fifty day moving average price is C$83.07 and its 200 day moving average price is C$75.82. The company has a debt-to-equity ratio of 173.72, a current ratio of 1.76 and a quick ratio of 1.13. The company has a market cap of C$5.37 billion, a price-to-earnings ratio of 34.71, a price-to-earnings-growth ratio of 1.42 and a beta of 0.90.

Exchange Income (TSE:EIF) last released its quarterly earnings results on Friday, November 7th. The company reported C$1.46 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 during the quarter. On average, research analysts expect that Exchange Income 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.