Exchange Income (TSE:EIF) Sets New 1-Year High – Should You Buy?
by Jessica Moore · The Cerbat GemExchange Income Co. (TSE:EIF – Get Free Report)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$85.54 and last traded at C$85.04, with a volume of 25148 shares changing hands. The stock had previously closed at C$84.34.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on EIF. Ventum Financial set a C$81.00 price target on Exchange Income and gave the company a “buy” rating in a report on Tuesday, September 16th. BMO Capital Markets increased their target price on Exchange Income from C$69.50 to C$80.00 in a report on Monday, November 10th. Raymond James Financial raised their target price on Exchange Income from C$90.00 to C$92.00 in a research note on Monday, November 10th. CIBC upped their price target on shares of Exchange Income from C$85.50 to C$93.00 in a research report on Monday, November 10th. Finally, Scotiabank increased their price objective on shares of Exchange Income from C$80.00 to C$90.00 in a report on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$85.19.
Check Out Our Latest Analysis on EIF
Exchange Income Stock Up 2.4%
The firm has a 50 day moving average price of C$79.96 and a 200-day moving average price of C$73.58. The firm has a market cap of C$4.84 billion, a price-to-earnings ratio of 31.29, 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 current ratio of 1.76 and a quick ratio of 1.13.
Exchange Income (TSE:EIF – Get Free Report) last announced its quarterly earnings data on Friday, November 7th. The company reported C$1.46 EPS for the quarter. Exchange Income had a return on equity of 9.73% and a net margin of 4.64%.The firm had revenue of C$959.74 million during the quarter. As a group, equities analysts predict 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.