Exchange Income (TSE:EIF) Stock Rating Upgraded by Ventum Cap Mkts

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

A number of other research analysts have also recently commented on the company. ATB Capital upped their target price on Exchange Income from C$66.00 to C$67.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. TD Securities cut their target price on 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. Canaccord Genuity Group upped their target price on Exchange Income from C$68.00 to C$70.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Ventum Financial set a C$74.00 price objective on Exchange Income and gave the stock a “buy” rating in a research note on Tuesday. Finally, CIBC increased their price objective on Exchange Income from C$61.50 to C$62.50 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Eight investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$66.15.

Exchange Income Trading Up 1.1 %

Shares of TSE EIF opened at C$55.62 on Tuesday. The business’s 50 day moving average is C$52.27 and its two-hundred day moving average is C$48.49. 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 has a 1-year low of C$42.83 and a 1-year high of C$56.59. The stock has a market capitalization of C$2.64 billion, a P/E ratio of 22.98, a PEG ratio of 1.42 and a beta of 2.04.

Exchange Income (TSE:EIF) last released its earnings results on Thursday, August 8th. The company reported C$0.80 EPS for the quarter, beating analysts’ consensus estimates of C$0.78 by C$0.02. The firm had revenue of C$660.58 million for the quarter, compared to analysts’ expectations of C$677.10 million. Exchange Income had a return on equity of 9.38% and a net margin of 4.44%. As a group, research analysts expect that Exchange Income will post 3.9962963 EPS 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.