Exchange Income (TSE:EIF) Sets New 12-Month High – Time to Buy?

Shares of Exchange Income Co. (TSE:EIF) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$100.97 and last traded at C$100.73, with a volume of 49699 shares. The stock had previously closed at C$100.10.

Wall Street Analyst Weigh In

EIF has been the topic of several recent analyst reports. Royal Bank Of Canada upped their target price on Exchange Income from C$94.00 to C$103.00 and gave the company an “outperform” rating in a research report on Monday, January 12th. Canadian Imperial Bank of Commerce upped their target price on Exchange Income from C$93.00 to C$106.00 in a research report on Wednesday, January 21st. Canaccord Genuity Group raised their target price on Exchange Income from C$107.00 to C$109.00 and gave the stock a “buy” rating in a research note on Tuesday, February 3rd. National Bank Financial boosted their price target on Exchange Income from C$109.00 to C$110.00 and gave the company an “outperform” rating in a research note on Tuesday, February 3rd. Finally, TD Securities increased their price objective on Exchange Income from C$92.00 to C$102.00 and gave the company a “buy” rating in a report on Monday, January 19th. One investment 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$98.35.

Exchange Income Stock Up 1.0%

The company has a quick ratio of 1.13, a current ratio of 1.76 and a debt-to-equity ratio of 173.72. The company has a market capitalization of C$5.67 billion, a price-to-earnings ratio of 36.64, a P/E/G ratio of 1.42 and a beta of 1.01. The business’s 50-day moving average is C$91.84 and its 200-day moving average is C$81.13.

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.