Exchange Income (TSE:EIF) Given New C$129.00 Price Target at Scotiabank

Exchange Income (TSE:EIF) had its price target boosted by Scotiabank from C$121.00 to C$129.00 in a report released on Monday,BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

A number of other equities research analysts also recently commented on the stock. Canaccord Genuity Group lifted their target price on shares of Exchange Income from C$109.00 to C$116.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Royal Bank Of Canada raised their price target on Exchange Income from C$103.00 to C$133.00 and gave the stock an “outperform” rating in a research note on Thursday, February 26th. Desjardins lifted their price objective on Exchange Income from C$87.00 to C$102.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. ATB Cormark Capital Markets increased their target price on Exchange Income from C$120.00 to C$125.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Finally, National Bank Financial raised their target price on Exchange Income from C$110.00 to C$125.00 and gave the stock an “outperform” rating in a research report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$115.04.

Exchange Income Price Performance

EIF opened at C$99.62 on Monday. The company has a debt-to-equity ratio of 149.91, a quick ratio of 1.13 and a current ratio of 1.71. The stock has a market capitalization of C$5.59 billion, a P/E ratio of 31.93, a P/E/G ratio of 1.42 and a beta of 0.93. The company’s 50-day simple moving average is C$95.87 and its two-hundred day simple moving average is C$83.38. Exchange Income has a 52-week low of C$45.00 and a 52-week high of C$111.00.

Exchange Income (TSE:EIF) last announced its quarterly earnings results on Tuesday, February 24th. The company reported C$1.06 earnings per share (EPS) for the quarter. Exchange Income had a net margin of 5.11% and a return on equity of 10.61%. The firm had revenue of C$929.55 million for the quarter. As a group, analysts predict that Exchange Income will post 3.9962963 EPS for the current year.

Exchange Income Company Profile

Exchange Income Corporation is a diversified acquisition-oriented company, focused in two segments: Aerospace & Aviation and Manufacturing. The Corporation uses a disciplined acquisition strategy to identify already profitable, well-established companies that have strong management teams, generate steady cash flow, operate in niche markets and have opportunities for organic growth.