Exchange Income Co. (TSE:EIF) Given Consensus Recommendation of “Buy” by Brokerages

Exchange Income Co. (TSE:EIF) has received an average recommendation of “Buy” from the eight ratings firms that are currently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$70.00.

EIF has been the subject of several recent research reports. TD Securities reduced their target price on shares of Exchange Income from C$69.00 to C$67.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Royal Bank of Canada raised their price objective on Exchange Income from C$65.00 to C$71.00 in a report on Thursday, November 14th. Canaccord Genuity Group upped their target price on Exchange Income from C$70.00 to C$72.00 in a report on Tuesday, November 12th. Ventum Cap Mkts upgraded Exchange Income to a “strong-buy” rating in a research note on Tuesday, November 5th. Finally, Ventum Financial set a C$74.00 price objective on Exchange Income and gave the stock a “buy” rating in a research note on Tuesday, November 5th.

Exchange Income Trading Up 1.3 %

Shares of TSE:EIF opened at C$57.15 on Friday. The firm has a market cap of C$2.71 billion, a price-to-earnings ratio of 23.62, a PEG ratio of 1.42 and a beta of 2.04. The company has a quick ratio of 1.13, a current ratio of 1.77 and a debt-to-equity ratio of 171.03. Exchange Income has a 12 month low of C$43.08 and a 12 month high of C$59.32. The company’s fifty day simple moving average is C$56.47 and its 200 day simple moving average is C$52.81.

Exchange Income (TSE:EIF) last issued its quarterly earnings results on Thursday, November 7th. The company reported C$1.29 EPS for the quarter, beating analysts’ consensus estimates of C$1.19 by C$0.10. Exchange Income had a return on equity of 9.38% and a net margin of 4.44%. During the same period last year, the business earned $1.19 EPS. As a group, research analysts forecast that Exchange Income will post 3.9962963 EPS for the current fiscal year.

About Exchange Income

Exchange Income Corporation, together with its subsidiaries, engages in aerospace and aviation services and equipment, and manufacturing businesses worldwide. The company Aerospace & Aviation, and Manufacturing segments. The Aerospace & Aviation segment offers fixed wing and rotary wing, medevac, passenger, charter, freight, and auxiliary services; and operates two flight schools and trains pilots.