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

Exchange Income (TSE:EIF) had its price objective boosted by research analysts at Ventum Financial from C$95.00 to C$110.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Ventum Financial’s target price points to a potential upside of 17.07% from the company’s current price.

A number of other research analysts also recently commented on the company. National Bankshares upped their price objective on Exchange Income from C$84.00 to C$88.00 in a research note on Monday, November 10th. Canaccord Genuity Group increased their price objective on Exchange Income from C$85.00 to C$107.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. CIBC raised their price target on Exchange Income from C$85.50 to C$93.00 in a research note on Monday, November 10th. BMO Capital Markets increased their price objective on Exchange Income from C$69.50 to C$80.00 in a report on Monday, November 10th. Finally, Royal Bank Of Canada upped their price target on shares of Exchange Income from C$94.00 to C$103.00 and gave the company an “outperform” rating in a report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$93.81.

Exchange Income Trading Up 0.7%

Shares of EIF traded up C$0.61 during mid-day trading on Tuesday, hitting C$93.96. The company had a trading volume of 218,306 shares, compared to its average volume of 143,369. The company has a quick ratio of 1.13, a current ratio of 1.76 and a debt-to-equity ratio of 173.72. The stock has a market cap of C$5.27 billion, a PE ratio of 34.04, a P/E/G ratio of 1.42 and a beta of 0.90. The business’s 50-day simple moving average is C$82.30 and its 200-day simple moving average is C$75.49. Exchange Income has a 1-year low of C$45.00 and a 1-year high of C$94.81.

Exchange Income (TSE:EIF) last announced its quarterly earnings results on Friday, November 7th. The company reported C$1.46 earnings per share for the quarter. Exchange Income had a net margin of 4.64% and a return on equity of 9.73%. The firm had revenue of C$959.74 million for the quarter. Sell-side analysts forecast that Exchange Income will post 3.9962963 earnings per share 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.