Canaccord Genuity Group Boosts Exchange Income (TSE:EIF) Price Target to C$107.00

Exchange Income (TSE:EIF) had its target price boosted by equities research analysts at Canaccord Genuity Group from C$85.00 to C$107.00 in a research note issued on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 23.03% from the stock’s current price.

A number of other equities analysts have also commented on the stock. Ventum Financial set a C$81.00 target price on shares of Exchange Income and gave the stock a “buy” rating in a research report on Tuesday, September 16th. Raymond James Financial boosted their price target on Exchange Income from C$92.00 to C$100.00 and gave the stock a “strong-buy” rating in a research report on Friday. CIBC increased their target price on shares of Exchange Income from C$85.50 to C$93.00 in a research report on Monday, November 10th. BMO Capital Markets boosted their price objective on shares of Exchange Income from C$69.50 to C$80.00 in a research note on Monday, November 10th. Finally, National Bankshares raised their target price on shares of Exchange Income from C$84.00 to C$88.00 in a research note on Monday, November 10th. One 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$88.58.

Exchange Income Stock Performance

EIF traded up C$0.23 during midday trading on Tuesday, reaching C$86.97. The company had a trading volume of 76,543 shares, compared to its average volume of 123,948. Exchange Income has a 12-month low of C$45.00 and a 12-month high of C$89.25. The stock has a market cap of C$4.88 billion, a PE ratio of 31.51, a P/E/G 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. The business has a 50-day moving average price of C$81.00 and a two-hundred day moving average price of C$74.56.

Exchange Income (TSE:EIF) last announced its quarterly earnings data 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, sell-side analysts expect that Exchange Income will post 3.9962963 earnings per share for the current fiscal 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.