Exchange Income Co. (TSE:EIF) Given Consensus Recommendation of “Buy” by Analysts

Exchange Income Co. (TSE:EIF) has received an average recommendation of “Buy” from the ten ratings firms that are currently covering the firm, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$70.50.

A number of research firms have recently commented on EIF. Royal Bank of Canada increased their target price on shares of Exchange Income from C$64.00 to C$66.00 and gave the stock an “outperform” rating in a report on Thursday, May 22nd. Scotiabank increased their target price on shares of Exchange Income from C$64.00 to C$66.00 and gave the stock an “outperform” rating in a report on Thursday, May 22nd. TD Securities raised their price objective on shares of Exchange Income from C$68.00 to C$70.00 and gave the company a “buy” rating in a report on Thursday, May 22nd. CIBC raised their price objective on shares of Exchange Income from C$69.00 to C$73.00 and gave the company an “outperform” rating in a report on Thursday, May 22nd. Finally, Canaccord Genuity Group raised their price objective on shares of Exchange Income from C$75.00 to C$77.00 and gave the company a “buy” rating in a report on Thursday, May 22nd.

Exchange Income Stock Up 0.1%

EIF stock opened at C$57.81 on Thursday. The stock has a market capitalization of C$2.88 billion, a P/E ratio of 22.65, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04. The company has a current ratio of 1.76, a quick ratio of 1.13 and a debt-to-equity ratio of 173.72. Exchange Income has a 12 month low of C$43.08 and a 12 month high of C$59.32. The firm has a 50-day moving average price of C$53.42 and a 200-day moving average price of C$53.77.

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.