Exchange Income (TSE:EIF) Sets New 12-Month High on Analyst Upgrade

Exchange Income Co. (TSE:EIF) shares hit a new 52-week high during trading on Tuesday after National Bankshares raised their price target on the stock from C$109.00 to C$110.00. National Bankshares currently has an outperform rating on the stock. Exchange Income traded as high as C$100.20 and last traded at C$99.13, with a volume of 179783 shares changing hands. The stock had previously closed at C$98.26.

EIF has been the topic of a number of other research reports. Raymond James Financial increased their price target on Exchange Income from C$100.00 to C$110.00 and gave the stock a “strong-buy” rating in a research report on Tuesday. CIBC upped their target price on Exchange Income from C$93.00 to C$106.00 in a research report on Wednesday, January 21st. BMO Capital Markets raised their price target on Exchange Income from C$69.50 to C$80.00 in a research report on Monday, November 10th. Desjardins upped their price objective on shares of Exchange Income from C$87.00 to C$102.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Finally, TD Securities increased their price objective 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, January 19th. 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$98.35.

Exchange Income Stock Performance

The company has a market cap of C$5.63 billion, a price-to-earnings ratio of 36.39, a P/E/G ratio of 1.42 and a beta of 1.01. 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 company has a fifty day moving average of C$86.81 and a two-hundred day moving average of C$77.88.

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