Exchange Income (TSE:EIF) Reaches New 52-Week High Following Analyst Upgrade

Exchange Income Co. (TSE:EIF)’s share price hit a new 52-week high during mid-day trading on Thursday after Scotiabank raised their price target on the stock from C$90.00 to C$105.00. Scotiabank currently has an outperform rating on the stock. Exchange Income traded as high as C$96.13 and last traded at C$95.79, with a volume of 340153 shares changing hands. The stock had previously closed at C$93.38.

Other equities analysts have also issued reports about the stock. Raymond James Financial boosted their price objective on shares of Exchange Income from C$92.00 to C$100.00 and gave the stock a “strong-buy” rating in a report on Friday, January 9th. TD Securities boosted their price target on Exchange Income from C$92.00 to C$102.00 and gave the stock a “buy” rating in a research note on Monday. CIBC upped their price target on Exchange Income from C$93.00 to C$106.00 in a report on Wednesday. BMO Capital Markets increased their price objective on Exchange Income from C$69.50 to C$80.00 in a research report on Monday, November 10th. Finally, Canaccord Genuity Group boosted their target price on Exchange Income from C$85.00 to C$107.00 and gave the stock a “buy” rating in a research report on Tuesday, January 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. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$95.96.

Exchange Income Trading Up 2.6%

The stock has a 50-day moving average price of C$83.07 and a two-hundred day moving average price of C$75.82. The stock has a market capitalization of C$5.37 billion, a PE ratio of 34.71, a PEG ratio of 1.42 and a beta of 0.90. The company has a debt-to-equity ratio of 173.72, a quick ratio of 1.13 and a current ratio of 1.76.

Exchange Income (TSE:EIF) last released its earnings results on Friday, November 7th. The company reported C$1.46 earnings per share (EPS) for the quarter. Exchange Income had a net margin of 4.64% and a return on equity of 9.73%. The company had revenue of C$959.74 million during the quarter. As a group, equities analysts forecast that Exchange Income Co. will post 3.9962963 earnings per share for the current 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.