Exchange Income (TSE:EIF) Upgraded at Ventum Cap Mkts

Exchange Income (TSE:EIF) was upgraded by equities researchers at Ventum Cap Mkts to a “strong-buy” rating in a research note issued to investors on Tuesday, Zacks.com reports.

A number of other analysts have also recently commented on the company. ATB Capital boosted 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. Ventum Financial set a C$74.00 price target on shares of Exchange Income and gave the company a “buy” rating in a research note on Tuesday. TD Securities cut their price objective on Exchange Income from C$69.00 to C$67.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. 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 note on Wednesday, October 23rd. Finally, CIBC raised their price objective on Exchange Income from C$61.50 to C$62.50 and gave the company an “outperform” rating in a report on Monday, August 12th. Eight equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$66.15.

Exchange Income Stock Performance

EIF opened at C$55.62 on Tuesday. The firm has a fifty day moving average price of C$52.27 and a 200 day moving average price of C$48.49. Exchange Income has a 1 year low of C$42.83 and a 1 year high of C$56.59. The stock has a market cap of C$2.64 billion, a P/E ratio of 22.98, a P/E/G ratio of 1.42 and a beta of 2.04. The company has a debt-to-equity ratio of 171.03, a current ratio of 1.77 and a quick ratio of 1.13.

Exchange Income (TSE:EIF) last posted its earnings results on Thursday, August 8th. The company reported C$0.80 earnings per share (EPS) 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 business had revenue of C$660.58 million for the quarter, compared to analyst estimates of C$677.10 million. Equities research analysts anticipate that Exchange Income will post 3.9962963 earnings per share for the current year.

About Exchange Income

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.