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

Exchange Income Co. (TSE:EIF)’s stock price reached a new 52-week high on Wednesday . The stock 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.

Analyst Ratings Changes

Several research firms recently issued reports on EIF. Desjardins boosted their price target on Exchange Income from C$87.00 to C$102.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Scotiabank upped their price target on shares of 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. Raymond James Financial raised their price target on shares of Exchange Income from C$92.00 to C$100.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 9th. Ventum Financial boosted their price objective on shares of Exchange Income from C$95.00 to C$110.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Finally, CIBC increased their target price on shares of Exchange Income from C$93.00 to C$106.00 in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Exchange Income has an average rating of “Buy” and an average price target of C$97.35.

Exchange Income Trading Down 1.3%

The firm’s fifty day simple moving average is C$85.93 and its 200 day simple moving average is C$77.25. The stock has a market capitalization of C$5.33 billion, a P/E ratio of 34.42, 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 posted its quarterly earnings results on Friday, November 7th. The company reported C$1.46 earnings per share (EPS) for the quarter. The business had revenue of C$959.74 million for the quarter. Exchange Income had a net margin of 4.64% and a return on equity of 9.73%. As a group, equities research analysts forecast that Exchange Income Co. will post 3.9962963 EPS for the current fiscal year.

Exchange Income Company Profile

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.