Exchange Income (TSE:EIF) Given New C$116.00 Price Target at Canaccord Genuity Group

Exchange Income (TSE:EIF) had its target price hoisted by analysts at Canaccord Genuity Group from C$109.00 to C$116.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 6.28% from the company’s current price.

Several other equities analysts have also weighed in on the stock. Canadian Imperial Bank of Commerce increased their price objective on shares of Exchange Income from C$106.00 to C$120.00 and gave the company an “outperform” rating in a report on Thursday. TD Securities upped their target price on shares of Exchange Income from C$102.00 to C$125.00 and gave the company a “buy” rating in a research report on Thursday. BMO Capital Markets raised their price target on Exchange Income from C$80.00 to C$100.00 and gave the stock a “market perform” rating in a research report on Thursday. Raymond James Financial boosted their price objective on shares of Exchange Income from C$110.00 to C$125.00 and gave the company a “strong-buy” rating in a report on Thursday. Finally, National Bank Financial boosted their target price on Exchange Income from C$110.00 to C$125.00 and gave the company an “outperform” rating in a research note on Thursday. One 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 MarketBeat.com, Exchange Income presently has a consensus rating of “Buy” and a consensus target price of C$114.42.

Exchange Income Price Performance

Shares of TSE:EIF traded up C$1.02 during midday trading on Thursday, reaching C$109.15. The company’s stock had a trading volume of 149,482 shares, compared to its average volume of 186,521. The business’s fifty day simple moving average is C$92.71 and its 200-day simple moving average is C$81.55. The company has a debt-to-equity ratio of 173.72, a current ratio of 1.76 and a quick ratio of 1.13. Exchange Income has a fifty-two week low of C$45.00 and a fifty-two week high of C$111.00. The company has a market capitalization of C$6.12 billion, a P/E ratio of 39.55, a P/E/G ratio of 1.42 and a beta of 1.01.

Exchange Income (TSE:EIF) last posted its quarterly earnings data on Tuesday, February 24th. The company reported C$1.06 earnings per share for the quarter. The firm had revenue of C$929.55 million during the quarter. Exchange Income had a net margin of 4.64% and a return on equity of 9.73%. As a group, equities research analysts expect that Exchange Income will post 3.9962963 EPS for the current fiscal 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.