Exchange Income (TSE:EIF) Given New C$100.00 Price Target at BMO Capital Markets

Exchange Income (TSE:EIF) had its target price hoisted by equities researchers at BMO Capital Markets from C$80.00 to C$100.00 in a report released on Thursday,BayStreet.CA reports. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ price objective suggests a potential downside of 8.38% from the stock’s previous close.

Several other research analysts also recently weighed in on the stock. Scotiabank upped their target price on shares of Exchange Income from C$90.00 to C$105.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. Raymond James Financial lifted their price objective on shares of Exchange Income from C$100.00 to C$110.00 and gave the stock a “strong-buy” rating in a report on Tuesday, February 3rd. TD Securities upped their target price on Exchange Income from C$102.00 to C$125.00 and gave the company a “buy” rating in a report on Thursday. National Bank Financial boosted their price target on shares of Exchange Income from C$110.00 to C$125.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Desjardins boosted their price objective on 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. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Exchange Income currently has an average rating of “Buy” and an average target price of C$114.42.

Exchange Income Price Performance

Shares of EIF traded up C$1.02 during trading hours on Thursday, hitting C$109.15. 149,482 shares of the company were exchanged, compared to its average volume of 186,521. The company has a market capitalization of C$6.12 billion, a PE ratio of 39.55, a PEG ratio of 1.42 and a beta of 1.01. The company has a debt-to-equity ratio of 173.72, a current ratio of 1.76 and a quick ratio of 1.13. The firm has a fifty day simple moving average of C$92.71 and a 200-day simple moving average of C$81.55. Exchange Income has a one year low of C$45.00 and a one year high of C$111.00.

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

About Exchange Income

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.