Exchange Income (TSE:EIF) Hits New 52-Week High – Time to Buy?

Shares of Exchange Income Co. (TSE:EIF) hit a new 52-week high on Friday . The company traded as high as C$89.63 and last traded at C$89.63, with a volume of 19389 shares changing hands. The stock had previously closed at C$88.36.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Scotiabank boosted their price objective on shares of Exchange Income from C$80.00 to C$90.00 in a research report on Monday, November 10th. Raymond James Financial increased their price target on shares of Exchange Income from C$92.00 to C$100.00 and gave the company a “strong-buy” rating in a research report on Friday, January 9th. BMO Capital Markets lifted their price objective on Exchange Income from C$69.50 to C$80.00 in a research report on Monday, November 10th. National Bankshares increased their target price on Exchange Income from C$84.00 to C$88.00 in a report on Monday, November 10th. Finally, Canaccord Genuity Group upped their price objective on Exchange Income from C$85.00 to C$107.00 and gave the company a “buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Exchange Income presently has a consensus rating of “Buy” and a consensus price target of C$88.58.

Exchange Income Trading Up 2.1%

The business has a 50 day simple moving average of C$81.65 and a two-hundred day simple moving average of C$74.92. The company has a current ratio of 1.76, a quick ratio of 1.13 and a debt-to-equity ratio of 173.72. The company has a market cap of C$5.06 billion, a PE ratio of 32.68, a price-to-earnings-growth ratio of 1.42 and a beta of 0.90.

Exchange Income (TSE:EIF) last released its earnings results on Friday, November 7th. The company reported C$1.46 earnings per share 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, analysts forecast that Exchange Income Co. will post 3.9962963 EPS 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.