Exchange Income (TSE:EIF) Price Target Cut to C$67.00

Exchange Income (TSE:EIF) had its target price cut by stock analysts at TD Securities from C$69.00 to C$67.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price objective points to a potential upside of 22.15% from the company’s previous close.

A number of other analysts have also recently issued reports on EIF. CIBC lifted their target price on shares of Exchange Income from C$61.50 to C$62.50 and gave the company an “outperform” rating in a research note on Monday, August 12th. Canaccord Genuity Group lifted their price target on Exchange Income from C$68.00 to C$70.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, ATB Capital increased their price objective on Exchange Income from C$66.00 to C$67.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Exchange Income has an average rating of “Buy” and a consensus target price of C$65.28.

Exchange Income Stock Performance

Shares of EIF opened at C$54.85 on Wednesday. The company has a debt-to-equity ratio of 171.03, a current ratio of 1.77 and a quick ratio of 1.13. The stock has a market capitalization of C$2.60 billion, a P/E ratio of 22.67, a P/E/G ratio of 1.42 and a beta of 2.04. The firm’s 50 day moving average is C$51.13 and its 200-day moving average is C$48.04. Exchange Income has a 12-month low of C$42.05 and a 12-month high of C$56.59.

Exchange Income (TSE:EIF) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$0.80 earnings per share for the quarter, topping the consensus estimate of C$0.78 by C$0.02. Exchange Income had a net margin of 4.44% and a return on equity of 9.38%. The firm had revenue of C$660.58 million for the quarter, compared to analysts’ expectations of C$677.10 million. Equities research analysts anticipate that Exchange Income will post 3.9962963 EPS for the current fiscal year.

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.