Exchange Income (TSE:EIF) Price Target Raised to C$110.00 at National Bankshares

Exchange Income (TSE:EIF) had its target price raised by analysts at National Bankshares from C$109.00 to C$110.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price objective would suggest a potential upside of 9.51% from the stock’s current price.

Several other research firms have also recently weighed in on EIF. Canaccord Genuity Group raised their target price on shares of Exchange Income from C$107.00 to C$109.00 and gave the company a “buy” rating in a research note on Tuesday. Scotiabank lifted their target price on Exchange Income from C$90.00 to C$105.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. CIBC upped their price target on shares of Exchange Income from C$93.00 to C$106.00 in a research note on Wednesday, January 21st. TD Securities boosted 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 report on Monday, January 19th. Finally, Raymond James Financial lifted their price target on Exchange Income from C$100.00 to C$110.00 and gave the stock a “strong-buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Exchange Income has a consensus rating of “Buy” and an average target price of C$98.35.

Exchange Income Price Performance

Shares of TSE:EIF traded up C$2.19 during trading on Tuesday, hitting C$100.45. 330,413 shares of the company’s stock were exchanged, compared to its average volume of 202,734. The business’s 50-day simple moving average is C$86.37 and its 200 day simple moving average is C$77.63. The company has a market cap of C$5.63 billion, a price-to-earnings ratio of 36.39, a PEG ratio of 1.42 and a beta of 0.90. Exchange Income has a 52-week low of C$45.00 and a 52-week high of C$101.18. The company has a debt-to-equity ratio of 173.72, a current ratio of 1.76 and a quick ratio of 1.13.

Exchange Income (TSE:EIF) last announced its quarterly earnings data 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 during the quarter. Exchange Income had a net margin of 4.64% and a return on equity of 9.73%. As a group, equities analysts predict that Exchange Income will post 3.9962963 EPS 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.