Exchange Income (TSE:EIF) Reaches New 52-Week High After Analyst Upgrade

Exchange Income Co. (TSE:EIF)’s share price reached a new 52-week high during trading on Tuesday after National Bankshares raised their price target on the stock from C$109.00 to C$110.00. National Bankshares currently has an outperform rating on the stock. Exchange Income traded as high as C$100.20 and last traded at C$99.13, with a volume of 179783 shares changing hands. The stock had previously closed at C$98.26.

A number of other analysts also recently issued reports on EIF. BMO Capital Markets lifted their price objective on Exchange Income from C$69.50 to C$80.00 in a research note on Monday, November 10th. Desjardins upped their price target on shares of Exchange Income from C$87.00 to C$102.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. TD Securities lifted their price objective on shares of Exchange Income from C$92.00 to C$102.00 and gave the stock a “buy” rating in a research note on Monday, January 19th. Ventum Financial boosted their target price on shares of Exchange Income from C$95.00 to C$110.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Finally, CIBC increased their price target on shares of Exchange Income from C$93.00 to C$106.00 in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Exchange Income has an average rating of “Buy” and an average target price of C$98.35.

Exchange Income Price Performance

The stock has a 50 day moving average of C$86.37 and a 200-day moving average of C$77.63. The company has a current ratio of 1.76, a quick ratio of 1.13 and a debt-to-equity ratio of 173.72. The stock has a market capitalization of C$5.61 billion, a P/E ratio of 36.27, a price-to-earnings-growth ratio of 1.42 and a beta of 0.90.

Exchange Income (TSE:EIF) last announced its quarterly earnings data on Friday, November 7th. The company reported C$1.46 EPS for the quarter. Exchange Income had a return on equity of 9.73% and a net margin of 4.64%.The company had revenue of C$959.74 million for the quarter. On average, equities research analysts anticipate that Exchange Income Co. will post 3.9962963 earnings per share for the current fiscal 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.