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

Exchange Income (TSE:EIF) had its price objective increased by Scotiabank from C$90.00 to C$105.00 in a report released on Wednesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research firms have also recently commented on EIF. National Bankshares boosted their target price on Exchange Income from C$88.00 to C$109.00 and gave the stock an “outperform” rating in a research note on Tuesday. Canaccord Genuity Group lifted their price target on shares of Exchange Income from C$85.00 to C$107.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. Ventum Financial increased their price objective on shares of Exchange Income from C$95.00 to C$110.00 and gave the company a “buy” rating in a research report on Tuesday. CIBC lifted their price objective on shares of Exchange Income from C$93.00 to C$106.00 in a research report on Wednesday. Finally, TD Securities raised their price target on Exchange Income from C$92.00 to C$102.00 and gave the company a “buy” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$95.96.

Exchange Income Price Performance

EIF opened at C$95.79 on Wednesday. The stock’s 50-day moving average price is C$83.07 and its 200 day moving average price is C$75.82. Exchange Income has a 12-month low of C$45.00 and a 12-month high of C$96.13. 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 cap of C$5.37 billion, a price-to-earnings ratio of 34.71, a PEG ratio of 1.42 and a beta of 0.90.

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