Exchange Income Co. (TSE:EIF) Given Consensus Recommendation of “Buy” by Analysts

Shares of Exchange Income Co. (TSE:EIF) have been assigned a consensus recommendation of “Buy” from the ten ratings firms that are currently covering the firm, MarketBeat.com reports. Nine investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$70.50.

Several brokerages have recently commented on EIF. Canaccord Genuity Group lifted their target price on Exchange Income from C$75.00 to C$77.00 and gave the stock a “buy” rating in a research report on Thursday, May 22nd. TD Securities lifted their target price on Exchange Income from C$68.00 to C$70.00 and gave the stock a “buy” rating in a research report on Thursday, May 22nd. Royal Bank Of Canada lifted their target price on Exchange Income from C$64.00 to C$66.00 and gave the stock an “outperform” rating in a research report on Thursday, May 22nd. ATB Capital lifted their target price on Exchange Income from C$68.00 to C$70.00 and gave the stock an “outperform” rating in a research report on Thursday, May 22nd. Finally, Scotiabank lifted their target price on Exchange Income from C$64.00 to C$66.00 and gave the stock an “outperform” rating in a research report on Thursday, May 22nd.

Exchange Income Price Performance

EIF stock opened at C$61.91 on Monday. The company has a quick ratio of 1.13, a current ratio of 1.76 and a debt-to-equity ratio of 173.72. Exchange Income has a 52-week low of C$44.60 and a 52-week high of C$62.00. The stock’s 50 day moving average is C$55.91 and its two-hundred day moving average is C$53.96. The company has a market capitalization of C$3.09 billion, a PE ratio of 24.25, a P/E/G ratio of 1.42 and a beta of 2.04.

Exchange Income Company Profile

Exchange Income Corp is a diversified acquisition-oriented corporation focused on opportunities in two sectors, aerospace, aviation services and equipment, and manufacturing. The business plan of the corporation is to invest in profitable, well-established companies with strong cash flows operating in niche markets.