Raymond James Financial Forecasts Strong Price Appreciation for Exchange Income (TSE:EIF) Stock

Exchange Income (TSE:EIF) had its price objective upped by research analysts at Raymond James Financial from C$110.00 to C$125.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm currently has a “strong-buy” rating on the stock. Raymond James Financial’s target price would indicate a potential upside of 14.52% from the company’s current price.

Other equities analysts also recently issued research reports about the company. TD Securities raised their target price on Exchange Income from C$102.00 to C$125.00 and gave the stock a “buy” rating in a research report on Thursday. Scotiabank increased their price objective on Exchange Income from C$90.00 to C$105.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. National Bank Financial boosted their target price on shares of Exchange Income from C$110.00 to C$125.00 and gave the company an “outperform” rating in a research note on Thursday. Desjardins upped their target price on shares of Exchange Income from C$87.00 to C$102.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Finally, Canadian Imperial Bank of Commerce boosted their price target on shares of Exchange Income from C$106.00 to C$120.00 and gave the company an “outperform” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Exchange Income presently has an average rating of “Buy” and an average price target of C$114.42.

Exchange Income Price Performance

Shares of TSE:EIF traded up C$1.02 during midday trading on Thursday, reaching C$109.15. 149,482 shares of the company’s stock were exchanged, compared to its average volume of 186,521. 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 company’s 50 day simple moving average is C$92.71 and its two-hundred day simple moving average is C$81.55. Exchange Income has a 12 month low of C$45.00 and a 12 month high of C$111.00. The firm has a market capitalization of C$6.12 billion, a PE ratio of 39.55, a price-to-earnings-growth ratio of 1.42 and a beta of 1.01.

Exchange Income (TSE:EIF) last announced its quarterly earnings results on Tuesday, February 24th. The company reported C$1.06 EPS for the quarter. The firm had revenue of C$929.55 million during the quarter. Exchange Income had a net margin of 4.64% and a return on equity of 9.73%. Equities research 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.