Analysts Set Exchange Income Co. (TSE:EIF) PT at C$70.00

Exchange Income Co. (TSE:EIF) has earned a consensus recommendation of “Buy” from the seven research firms that are presently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$69.00.

A number of brokerages recently weighed in on EIF. Royal Bank of Canada lifted their price objective on shares of Exchange Income from C$65.00 to C$71.00 in a research note on Thursday, November 14th. National Bankshares lifted their price objective on shares of Exchange Income from C$61.00 to C$68.00 in a research note on Monday, November 11th. CIBC lifted their price objective on shares of Exchange Income from C$66.00 to C$69.00 in a research note on Wednesday, December 4th. Ventum Cap Mkts upgraded shares of Exchange Income to a “strong-buy” rating in a research note on Tuesday, November 5th. Finally, Ventum Financial set a C$74.00 price target on shares of Exchange Income and gave the stock a “buy” rating in a research report on Tuesday, November 5th.

Exchange Income Price Performance

Shares of TSE EIF opened at C$50.38 on Tuesday. Exchange Income has a fifty-two week low of C$43.08 and a fifty-two week high of C$59.32. The firm’s 50-day simple moving average is C$55.04 and its 200 day simple moving average is C$53.57. 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$2.51 billion, a P/E ratio of 19.74, a P/E/G ratio of 1.42 and a beta of 2.04.

Insider Buying and Selling

In related news, Director Michael Pyle purchased 4,000 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were purchased at an average price of C$50.26 per share, with a total value of C$201,052.00. In the last quarter, insiders have purchased 4,355 shares of company stock valued at $219,415. 6.44% of the stock is owned by corporate insiders.

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.