Exchange Income (TSE:EIF) Sets New 1-Year High – Should You Buy?

Exchange Income Co. (TSE:EIF)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as C$100.64 and last traded at C$100.54, with a volume of 104354 shares trading hands. The stock had previously closed at C$99.70.

Analysts Set New Price Targets

A number of brokerages recently issued reports on EIF. Canaccord Genuity Group boosted their price target on Exchange Income from C$107.00 to C$109.00 and gave the company a “buy” rating in a report on Tuesday, February 3rd. Royal Bank Of Canada lifted their price objective on Exchange Income from C$94.00 to C$103.00 and gave the stock an “outperform” rating in a research report on Monday, January 12th. Scotiabank boosted their target price on Exchange Income from C$90.00 to C$105.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. BMO Capital Markets raised their price target on Exchange Income from C$69.50 to C$80.00 in a research note on Monday, November 10th. Finally, National Bank Financial lifted their price target on shares of Exchange Income from C$109.00 to C$110.00 and gave the company an “outperform” rating in a report on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$98.35.

Exchange Income Stock Performance

The company has a 50-day simple moving average of C$90.39 and a two-hundred day simple moving average of C$80.17. 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 firm has a market capitalization of C$5.64 billion, a P/E ratio of 36.43, a PEG ratio of 1.42 and a beta of 1.01.

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.