Exchange Income (TSE:EIF) has been given a C$46.00 target price by investment analysts at National Bank Financial in a note issued to investors on Thursday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s target price suggests a potential upside of 20.86% from the stock’s previous close.
A number of other research firms have also issued reports on EIF. Raymond James reiterated a “strong-buy” rating and set a C$55.00 price objective on shares of Exchange Income in a research note on Monday, September 23rd. Royal Bank of Canada boosted their price objective on Exchange Income from C$38.00 to C$40.00 and gave the company a “sector perform” rating in a research note on Friday, August 9th. Canaccord Genuity boosted their price objective on Exchange Income from C$40.00 to C$43.00 in a research note on Monday, August 12th. Finally, CIBC boosted their price objective on Exchange Income from C$39.50 to C$41.00 in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Exchange Income has a consensus rating of “Buy” and an average target price of C$44.44.
Shares of EIF traded up C$0.35 during mid-day trading on Thursday, hitting C$38.06. The stock had a trading volume of 141,771 shares, compared to its average volume of 85,310. The firm has a market cap of $1.22 billion and a P/E ratio of 17.23. The business has a fifty day moving average price of C$38.81 and a 200-day moving average price of C$37.16. The company has a debt-to-equity ratio of 184.79, a current ratio of 2.25 and a quick ratio of 1.18. Exchange Income has a 52 week low of C$25.58 and a 52 week high of C$41.85.
Exchange Income (TSE:EIF) last issued its earnings results on Wednesday, August 7th. The company reported C$0.78 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.79 by C($0.01). The business had revenue of C$325.91 million during the quarter, compared to analysts’ expectations of C$336.06 million. As a group, research analysts expect that Exchange Income will post 3.4299999 earnings per share for the current fiscal year.
About Exchange Income
Exchange Income Corporation engages in aerospace and aviation services and equipment, and manufacturing businesses worldwide. It operates through two segments, Aerospace & Aviation, and Manufacturing. The Aerospace & Aviation segment offers scheduled airline and charter services, and emergency medical services to communities located in Manitoba, Ontario, and Nunavut, as well as Newfoundland and Labrador, Quebec, New Brunswick, and Nova Scotia.
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