Exchange Income (TSE:EIF) Hits New 12-Month High – Here’s Why

Shares of Exchange Income Co. (TSE:EIF) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$98.76 and last traded at C$98.65, with a volume of 87546 shares. The stock had previously closed at C$98.22.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Raymond James Financial upped their target price on Exchange Income from C$92.00 to C$100.00 and gave the stock a “strong-buy” rating in a report on Friday, January 9th. National Bankshares lifted their price target on Exchange Income from C$88.00 to C$109.00 and gave the company an “outperform” rating in a research report on Tuesday, January 20th. Royal Bank Of Canada increased their price objective on Exchange Income from C$94.00 to C$103.00 and gave the stock an “outperform” rating in a report on Monday, January 12th. Scotiabank raised their price objective on Exchange Income from C$90.00 to C$105.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. Finally, TD Securities upped their target price on shares of Exchange Income from C$92.00 to C$102.00 and gave the stock a “buy” rating in a research report on Monday, January 19th. One equities research 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’s stock. Based on data from MarketBeat.com, Exchange Income has an average rating of “Buy” and a consensus price target of C$97.35.

Exchange Income Trading Up 0.6%

The stock has a 50-day moving average of C$84.76 and a two-hundred day moving average of C$76.76. The company has a market cap of C$5.54 billion, a P/E ratio of 35.80, a price-to-earnings-growth ratio of 1.42 and a beta of 0.90. 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 (TSE:EIF) last released its earnings results on Friday, November 7th. The company reported C$1.46 EPS for the quarter. The firm had revenue of C$959.74 million for the quarter. Exchange Income had a return on equity of 9.73% and a net margin of 4.64%. On average, equities research analysts predict that Exchange Income Co. 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. 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.