Exchange Income (TSE:EIF) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Exchange Income Co. (TSE:EIF) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$80.17 and traded as high as C$100.50. Exchange Income shares last traded at C$99.70, with a volume of 112,305 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Raymond James Financial lifted their price objective on shares of Exchange Income from C$100.00 to C$110.00 and gave the company a “strong-buy” rating in a report on Tuesday, February 3rd. Ventum Financial lifted their price target on shares of Exchange Income from C$95.00 to C$110.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. National Bank Financial increased their price objective on shares of Exchange Income from C$109.00 to C$110.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 3rd. Royal Bank Of Canada raised their price objective on Exchange Income from C$94.00 to C$103.00 and gave the company an “outperform” rating in a report on Monday, January 12th. Finally, BMO Capital Markets upped their target price on Exchange Income from C$69.50 to C$80.00 in a report on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Exchange Income currently has an average rating of “Buy” and an average target price of C$98.35.

Exchange Income Price Performance

The company has a current ratio of 1.76, a quick ratio of 1.13 and a debt-to-equity ratio of 173.72. The firm has a market capitalization of C$5.59 billion, a price-to-earnings ratio of 36.12, a P/E/G ratio of 1.42 and a beta of 1.01. The company’s 50 day moving average is C$90.39 and its 200-day moving average is C$80.17.

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.