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

Shares of Exchange Income Co. (TSE:EIF) have received a consensus recommendation of “Buy” from the seven analysts that are presently covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$69.00.

A number of equities analysts have recently weighed in on the stock. Scotiabank lowered their price target on shares of Exchange Income from C$65.00 to C$64.00 in a research note on Friday, February 28th. CIBC lifted their price objective on Exchange Income from C$66.00 to C$69.00 in a research report on Wednesday, December 4th. Finally, Paradigm Capital set a C$69.00 price target on Exchange Income and gave the stock a “buy” rating in a research note on Thursday, January 30th.

Exchange Income Stock Down 1.5 %

Shares of TSE:EIF opened at C$50.76 on Friday. Exchange Income has a fifty-two week low of C$43.08 and a fifty-two week high of C$59.32. The firm’s 50-day simple moving average is C$52.43 and its 200-day simple moving average is C$53.87. The company has a market cap of C$2.53 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 1.42 and a beta of 2.04. The company has a quick ratio of 1.13, a current ratio of 1.76 and a debt-to-equity ratio of 173.72.

Insiders Place Their Bets

In other Exchange Income news, Director Brad Bennett bought 25,000 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were acquired at an average cost of C$49.77 per share, with a total value of C$1,244,182.50. Also, Director Edward Warkentin purchased 1,011 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average price of C$49.54 per share, for a total transaction of C$50,087.97. Insiders have purchased a total of 30,366 shares of company stock worth $1,513,686 over the last quarter. 6.44% of the stock is owned by corporate insiders.

About Exchange Income

Exchange Income Corporation, together with its subsidiaries, engages in aerospace and aviation services and equipment, and manufacturing businesses worldwide. The company Aerospace & Aviation, and Manufacturing segments. The Aerospace & Aviation segment offers fixed wing and rotary wing, medevac, passenger, charter, freight, and auxiliary services; and operates two flight schools and trains pilots.