Exchange Income (TSE:EIF) Price Target Raised to C$94.00 at Royal Bank Of Canada

Exchange Income (TSE:EIF) had its price target raised by equities research analysts at Royal Bank Of Canada from C$85.00 to C$94.00 in a research note issued on Wednesday,BayStreet.CA reports. Royal Bank Of Canada’s price target suggests a potential upside of 23.59% from the stock’s current price.

Several other analysts also recently issued reports on EIF. TD Securities boosted their target price on shares of Exchange Income from C$70.00 to C$84.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. ATB Capital lifted their price target on Exchange Income from C$70.00 to C$81.00 and gave the company an “outperform” rating in a report on Wednesday, August 13th. Raymond James Financial increased their price objective on Exchange Income from C$90.00 to C$92.00 in a research note on Monday. Cormark lifted their target price on Exchange Income from C$67.00 to C$78.50 and gave the company a “buy” rating in a research note on Thursday, July 31st. Finally, BMO Capital Markets increased their price target on shares of Exchange Income from C$69.50 to C$80.00 in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$85.19.

Exchange Income Trading Up 2.6%

EIF traded up C$1.90 during trading on Wednesday, reaching C$76.06. The company had a trading volume of 89,556 shares, compared to its average volume of 117,264. The firm’s 50-day simple moving average is C$74.46 and its 200 day simple moving average is C$66.75. The company has a debt-to-equity ratio of 173.72, a quick ratio of 1.13 and a current ratio of 1.76. The company has a market cap of C$4.13 billion, a price-to-earnings ratio of 28.92, a PEG ratio of 1.42 and a beta of 0.70. Exchange Income has a 12-month low of C$45.00 and a 12-month high of C$78.91.

Exchange Income (TSE:EIF) last released its earnings results on Friday, November 7th. The company reported C$1.24 earnings per share 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 for the quarter. Equities research analysts anticipate that Exchange Income will post 3.9962963 earnings per share 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.