Exchange Income (TSE:EIF) Price Target Raised to C$40.00 at Royal Bank of Canada

Exchange Income (TSE:EIF) had its price objective hoisted by analysts at Royal Bank of Canada from C$38.00 to C$40.00 in a report issued on Friday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price would suggest a potential downside of 1.16% from the company’s current price.

Several other equities analysts also recently weighed in on the company. CIBC increased their target price on Exchange Income from C$39.50 to C$41.00 in a research report on Thursday. TD Securities increased their target price on Exchange Income from C$42.00 to C$46.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Raymond James reiterated a “strong-buy” rating and set a C$49.00 target price on shares of Exchange Income in a research report on Thursday, May 9th. Finally, National Bank Financial increased their target price on Exchange Income from C$42.00 to C$46.00 and gave the stock an “outperform” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of C$43.79.

TSE EIF traded up C$1.22 during trading hours on Friday, hitting C$40.47. 127,033 shares of the company’s stock were exchanged, compared to its average volume of 80,783. The stock has a 50 day simple moving average of C$38.31. Exchange Income has a 12-month low of C$25.58 and a 12-month high of C$40.66. The firm has a market capitalization of $1.27 billion and a price-to-earnings ratio of 18.86. The company has a quick ratio of 1.01, a current ratio of 1.90 and a debt-to-equity ratio of 187.73.

Exchange Income (TSE:EIF) last released its earnings results on Tuesday, May 7th. The company reported C$0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.39 by C$0.01. The business had revenue of C$297.02 million for the quarter, compared to analysts’ expectations of C$288.80 million. On average, research analysts anticipate that Exchange Income will post 3.4999997 EPS for the current fiscal year.

Exchange Income Company Profile

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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