Exchange Income Co. (TSE:EIF) Receives Average Recommendation of “Buy” from Brokerages

Exchange Income Co. (TSE:EIF) has received a consensus recommendation of “Buy” from the seven analysts that are covering the company, MarketBeat reports. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$69.00.

A number of equities analysts have commented on the stock. CIBC lifted their price objective on shares of Exchange Income from C$66.00 to C$69.00 in a report on Wednesday, December 4th. Scotiabank decreased their price target on shares of Exchange Income from C$65.00 to C$64.00 in a report on Friday, February 28th. Finally, Paradigm Capital set a C$69.00 price objective on shares of Exchange Income and gave the company a “buy” rating in a research report on Thursday, January 30th.

Insider Buying and Selling

In other Exchange Income news, Director Michael Pyle purchased 4,000 shares of the stock in a transaction dated Friday, February 28th. The shares were bought at an average cost of C$50.26 per share, with a total value of C$201,052.00. Also, Director Brad Bennett acquired 25,000 shares of Exchange Income stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average cost of C$49.77 per share, with a total value of C$1,244,182.50. Insiders have bought a total of 30,366 shares of company stock valued at $1,513,686 in the last quarter. Company insiders own 6.44% of the company’s stock.

Exchange Income Price Performance

Shares of EIF opened at C$50.76 on Friday. Exchange Income has a 52 week low of C$43.08 and a 52 week high of C$59.32. The company has a current ratio of 1.76, a quick ratio of 1.13 and a debt-to-equity ratio of 173.72. The firm has a market cap of C$2.53 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 1.42 and a beta of 2.04. The stock has a 50 day moving average of C$52.43 and a 200-day moving average of C$53.87.

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.