Exchange Income (TSE:EIF) Given a C$74.00 Price Target at Ventum Financial

Exchange Income (TSE:EIF) has been given a C$74.00 target price by Ventum Financial in a research note issued on Tuesday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Ventum Financial’s price objective points to a potential upside of 34.52% from the company’s current price.

A number of other research firms have also commented on EIF. ATB Capital lifted their price target on shares of 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. Canaccord Genuity Group boosted their target price on shares of Exchange Income from C$68.00 to C$70.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. CIBC lifted 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. Finally, TD Securities reduced their target price on shares of 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. Eight equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$66.15.

Exchange Income Stock Up 1.0 %

Shares of Exchange Income stock traded up C$0.56 on Tuesday, hitting C$55.01. 34,779 shares of the company traded hands, compared to its average volume of 82,437. The company has a quick ratio of 1.13, a current ratio of 1.77 and a debt-to-equity ratio of 171.03. Exchange Income has a 12-month low of C$42.83 and a 12-month high of C$56.59. The company has a 50-day moving average price of C$52.02 and a 200 day moving average price of C$48.36. The company has a market cap of C$2.61 billion, a PE ratio of 22.74, a PEG ratio of 1.42 and a beta of 2.04.

Exchange Income (TSE:EIF) last announced its quarterly earnings results on Thursday, August 8th. The company reported C$0.80 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.78 by C$0.02. Exchange Income had a return on equity of 9.38% and a net margin of 4.44%. The company had revenue of C$660.58 million during the quarter, compared to analysts’ expectations of C$677.10 million. Sell-side analysts predict 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.