Exchange Income Co. (TSE:EIF) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Exchange Income Co. (TSE:EIF) have earned an average recommendation of “Buy” from the thirteen brokerages that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$115.04.

EIF has been the subject of a number of research analyst reports. Canadian Imperial Bank of Commerce increased their target price 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. Royal Bank Of Canada boosted their price target on shares of Exchange Income from C$103.00 to C$133.00 and gave the company an “outperform” rating in a report on Thursday, February 26th. Scotiabank upped their price target on shares of Exchange Income from C$121.00 to C$129.00 and gave the stock an “outperform” rating in a research note on Monday. BMO Capital Markets increased their price objective on Exchange Income from C$80.00 to C$100.00 and gave the stock a “market perform” rating in a report on Thursday, February 26th. Finally, National Bank Financial lifted their price objective on Exchange Income from C$110.00 to C$125.00 and gave the company an “outperform” rating in a research report on Thursday, February 26th.

Exchange Income Trading Up 0.9%

TSE:EIF opened at C$101.66 on Friday. The stock has a market cap of C$5.71 billion, a PE ratio of 32.58, a price-to-earnings-growth ratio of 1.42 and a beta of 0.93. 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 debt-to-equity ratio of 149.91, a current ratio of 1.71 and a quick ratio of 1.13. The stock’s 50-day moving average is C$96.63 and its two-hundred day moving average is C$83.69.

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