Royal Bank Of Canada Issues Positive Forecast for Exchange Income (TSE:EIF) Stock Price

Exchange Income (TSE:EIF) had its target price raised by analysts at Royal Bank Of Canada from C$103.00 to C$133.00 in a research report issued on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 21.85% from the stock’s previous close.

EIF has been the subject of several other research reports. BMO Capital Markets raised their price objective on shares of Exchange Income from C$69.50 to C$80.00 in a research report on Monday, November 10th. National Bank Financial increased their target price on shares of Exchange Income from C$110.00 to C$125.00 and gave the stock an “outperform” rating in a research note on Thursday. Raymond James Financial increased 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 research report on Tuesday, February 3rd. Ventum Financial boosted their target price on Exchange Income from C$110.00 to C$135.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Canadian Imperial Bank of Commerce increased their price target on 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 assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Exchange Income presently has an average rating of “Buy” and a consensus price target of C$114.42.

Exchange Income Price Performance

Shares of TSE EIF traded up C$1.02 during trading hours on Thursday, hitting C$109.15. 149,482 shares of the stock were exchanged, compared to its average volume of 186,521. The company’s fifty day simple moving average is C$92.71 and its two-hundred day simple moving average is C$81.55. The company has a market cap of C$6.12 billion, a PE ratio of 39.55, a price-to-earnings-growth ratio of 1.42 and a beta of 1.01. The company has a debt-to-equity ratio of 173.72, a quick ratio of 1.13 and a current ratio of 1.76. Exchange Income has a 1-year low of C$45.00 and a 1-year high of C$111.00.

Exchange Income (TSE:EIF) last announced its quarterly earnings results 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 company had revenue of C$929.55 million during the quarter. On average, sell-side analysts predict that Exchange Income will post 3.9962963 EPS 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.