Exchange Income Co. (TSE:EIF) Receives C$69.00 Consensus PT from Analysts

Exchange Income Co. (TSE:EIF) has earned a consensus recommendation of “Buy” from the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$69.00.

A number of analysts recently weighed in on the stock. Paradigm Capital set a C$69.00 target price on shares of Exchange Income and gave the stock a “buy” rating in a research note on Thursday, January 30th. CIBC increased their price objective on shares of Exchange Income from C$66.00 to C$69.00 in a research report on Wednesday, December 4th. Finally, Scotiabank reduced their price objective on shares of Exchange Income from C$65.00 to C$64.00 in a report on Friday, February 28th.

Insiders Place Their Bets

In other news, Director Brad Bennett bought 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of C$49.77 per share, with a total value of C$1,244,182.50. Also, Director Edward Warkentin purchased 1,011 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average price of C$49.54 per share, for a total transaction of C$50,087.97. Over the last quarter, insiders have purchased 30,366 shares of company stock valued at $1,513,686. 6.44% of the stock is owned by corporate insiders.

Exchange Income Price Performance

Shares of TSE EIF opened at C$51.30 on Friday. The company has a debt-to-equity ratio of 173.72, a current ratio of 1.76 and a quick ratio of 1.13. The company has a market cap of C$2.56 billion, a price-to-earnings ratio of 20.10, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04. The stock’s 50-day moving average is C$52.55 and its two-hundred day moving average is C$53.88. Exchange Income has a 1-year low of C$43.08 and a 1-year high of C$59.32.

Exchange Income Company Profile

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.