Exchange Income (TSE:EIF) Rating Reiterated by National Bank Financial

Exchange Income (TSE:EIF)‘s stock had its “outperform” rating reaffirmed by investment analysts at National Bank Financial in a report released on Thursday, BayStreet.CA reports. They currently have a C$46.00 price target on the stock. National Bank Financial’s price objective suggests a potential upside of 19.67% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on the company. CIBC increased their price target on Exchange Income from C$39.50 to C$41.00 in a report on Thursday, August 8th. Canaccord Genuity raised their target price on Exchange Income from C$40.00 to C$43.00 in a report on Monday, August 12th. Raymond James restated a “strong-buy” rating and set a C$55.00 target price on shares of Exchange Income in a report on Monday, September 23rd. Finally, Royal Bank of Canada raised their target price on Exchange Income from C$38.00 to C$40.00 and gave the company a “sector perform” rating in a report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of C$44.44.

TSE EIF opened at C$38.44 on Thursday. The stock has a market cap of $1.23 billion and a PE ratio of 17.36. The company has a current ratio of 2.25, a quick ratio of 1.18 and a debt-to-equity ratio of 184.79. Exchange Income has a twelve month low of C$25.58 and a twelve month high of C$41.85. The stock has a fifty day simple moving average of C$38.83 and a 200-day simple moving average of C$37.22.

Exchange Income (TSE:EIF) last released its quarterly earnings results on Wednesday, August 7th. The company reported C$0.78 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.79 by C($0.01). The firm had revenue of C$325.91 million during the quarter, compared to analyst estimates of C$336.06 million. Research analysts predict that Exchange Income will post 3.4299999 EPS for the current year.

About Exchange Income

Exchange Income Corporation engages in aerospace and aviation services and equipment, and manufacturing businesses worldwide. It operates through two segments, Aerospace & Aviation, and Manufacturing. The Aerospace & Aviation segment offers scheduled airline and charter services, and emergency medical services to communities located in Manitoba, Ontario, and Nunavut, as well as Newfoundland and Labrador, Quebec, New Brunswick, and Nova Scotia.

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Analyst Recommendations for Exchange Income (TSE:EIF)

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