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

Exchange Income Co. (TSE:EIF) has been given an average recommendation of “Buy” by the eight analysts that are covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$70.00.

Several equities research analysts recently commented on the company. CIBC increased their price target on Exchange Income from C$66.00 to C$69.00 in a report on Wednesday, December 4th. Royal Bank of Canada raised their target price on Exchange Income from C$65.00 to C$71.00 in a research note on Thursday, November 14th. Ventum Financial set a C$74.00 price target on shares of Exchange Income and gave the company a “buy” rating in a research report on Tuesday, November 5th. TD Securities cut their price objective on shares of Exchange Income from C$69.00 to C$67.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Finally, Ventum Cap Mkts raised shares of Exchange Income to a “strong-buy” rating in a research note on Tuesday, November 5th.

Exchange Income Trading Up 1.4 %

Shares of EIF opened at C$54.43 on Friday. Exchange Income has a 52-week low of C$43.08 and a 52-week high of C$59.32. The stock has a market cap of C$2.58 billion, a PE ratio of 22.49, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04. The firm’s fifty day moving average is C$56.38 and its two-hundred day moving average is C$53.11. The company has a quick ratio of 1.13, a current ratio of 1.77 and a debt-to-equity ratio of 171.03.

Exchange Income (TSE:EIF) last announced its quarterly earnings data on Thursday, November 7th. The company reported C$1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.19 by C$0.10. Exchange Income had a net margin of 4.44% and a return on equity of 9.38%. During the same quarter in the previous year, the firm posted $1.19 earnings per share. Research analysts forecast that Exchange Income will post 3.9962963 earnings per share for the current fiscal year.

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.