Exchange Income (TSE:EIF) Stock Price Expected to Rise, CIBC Analyst Says

Exchange Income (TSE:EIF) had its target price boosted by research analysts at CIBC from C$93.00 to C$106.00 in a research report issued on Wednesday,BayStreet.CA reports. CIBC’s price target would suggest a potential upside of 11.24% from the stock’s previous close.

Several other research analysts also recently commented on EIF. Ventum Financial lifted their target price on Exchange Income from C$95.00 to C$110.00 and gave the stock a “buy” rating in a research note on Tuesday. Raymond James Financial increased their price objective on shares of Exchange Income from C$92.00 to C$100.00 and gave the company a “strong-buy” rating in a research report on Friday, January 9th. BMO Capital Markets lifted their target price on shares of Exchange Income from C$69.50 to C$80.00 in a report on Monday, November 10th. Canaccord Genuity Group increased their price target on shares of Exchange Income from C$85.00 to C$107.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Finally, TD Securities raised 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 report on Monday. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$95.96.

Exchange Income Trading Up 2.0%

Shares of EIF traded up C$1.91 during trading hours on Wednesday, reaching C$95.29. The stock had a trading volume of 147,585 shares, compared to its average volume of 152,120. The company has a market cap of C$5.34 billion, a P/E ratio of 34.53, a P/E/G ratio of 1.42 and a beta of 0.90. Exchange Income has a 52 week low of C$45.00 and a 52 week high of C$95.32. The company has a quick ratio of 1.13, a current ratio of 1.76 and a debt-to-equity ratio of 173.72. The firm has a 50-day moving average of C$82.68 and a 200 day moving average of C$75.68.

Exchange Income (TSE:EIF) last announced its earnings results on Friday, November 7th. The company reported C$1.46 EPS for the quarter. Exchange Income had a net margin of 4.64% and a return on equity of 9.73%. The business had revenue of C$959.74 million during the quarter. On average, sell-side analysts expect that Exchange Income will post 3.9962963 earnings per share 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.