Exchange Income (TSE:EIF) Stock Price Expected to Rise, CIBC Analyst Says

Exchange Income (TSE:EIF) had its price objective hoisted by research analysts at CIBC from C$66.00 to C$69.00 in a report issued on Wednesday,BayStreet.CA reports. CIBC’s target price suggests a potential upside of 21.52% from the stock’s previous close.

A number of other research firms have also recently weighed in on EIF. TD Securities lowered their target price on shares of Exchange Income from C$69.00 to C$67.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Royal Bank of Canada boosted their price target on shares of Exchange Income from C$65.00 to C$71.00 in a research report on Thursday, November 14th. Ventum Financial set a C$74.00 price target on shares of Exchange Income and gave the company a “buy” rating in a research report on Tuesday, November 5th. Ventum Cap Mkts upgraded shares of Exchange Income to a “strong-buy” rating in a research report on Tuesday, November 5th. Finally, National Bankshares boosted their price target on shares of Exchange Income from C$61.00 to C$68.00 in a research report on Monday, November 11th. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$69.00.

Exchange Income Stock Performance

Exchange Income stock traded down C$0.20 on Wednesday, reaching C$56.78. 35,500 shares of the stock were exchanged, compared to its average volume of 83,605. The firm has a fifty day moving average price of C$54.62 and a two-hundred day moving average price of C$49.67. Exchange Income has a twelve month low of C$43.08 and a twelve month high of C$57.69. The company has a current ratio of 1.77, a quick ratio of 1.13 and a debt-to-equity ratio of 171.03. The stock has a market cap of C$2.70 billion, a PE ratio of 23.40, a PEG ratio of 1.42 and a beta of 2.04.

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.