Scotiabank Forecasts Strong Price Appreciation for Exchange Income (TSE:EIF) Stock

Exchange Income (TSE:EIF) had its price target boosted by Scotiabank from C$121.00 to C$129.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Scotiabank’s target price would indicate a potential upside of 31.61% from the company’s previous close.

A number of other research analysts have also recently commented on the stock. BMO Capital Markets upped their target price on shares of Exchange Income from C$80.00 to C$100.00 and gave the company a “market perform” rating in a research report on Thursday, February 26th. Ventum Financial boosted their price target on shares of Exchange Income from C$110.00 to C$135.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. TD Securities upped their price objective on shares of Exchange Income from C$102.00 to C$125.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. 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 stock an “outperform” rating in a research report on Thursday, February 26th. Finally, Canaccord Genuity Group upped their price target on Exchange Income from C$109.00 to C$116.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. 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 company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$115.04.

Exchange Income Trading Down 3.0%

EIF stock traded down C$3.02 during midday trading on Monday, hitting C$98.02. 206,378 shares of the company’s stock were exchanged, compared to its average volume of 189,913. Exchange Income has a 1-year low of C$45.00 and a 1-year high of C$111.00. The company has a current ratio of 1.71, a quick ratio of 1.13 and a debt-to-equity ratio of 149.91. The stock has a market capitalization of C$5.50 billion, a PE ratio of 31.42, a P/E/G ratio of 1.42 and a beta of 0.93. The business has a 50-day simple moving average of C$95.55 and a two-hundred day simple moving average of C$83.18.

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

About Exchange Income

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.