Exchange Income Co. (TSE:EIF - Get Free Report) has been given an average recommendation of "Buy" by the eight ratings firms that are covering the stock, Marketbeat reports. Seven analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$68.22.
Several brokerages have recently weighed in on EIF. Scotiabank decreased their target price on shares of Exchange Income from C$65.00 to C$64.00 in a research report on Friday, February 28th. Royal Bank of Canada reduced their target price on shares of Exchange Income from C$71.00 to C$64.00 and set an "outperform" rating on the stock in a research note on Wednesday. Finally, Paradigm Capital set a C$69.00 target price on shares of Exchange Income and gave the stock a "buy" rating in a research report on Thursday, January 30th.
Check Out Our Latest Stock Analysis on Exchange Income
Exchange Income Stock Performance
Shares of TSE:EIF traded up C$0.37 during midday trading on Wednesday, hitting C$48.84. The company's stock had a trading volume of 56,605 shares, compared to its average volume of 115,010. Exchange Income has a fifty-two week low of C$43.08 and a fifty-two week high of C$59.32. The company has a debt-to-equity ratio of 173.72, a quick ratio of 1.13 and a current ratio of 1.76. The stock has a market capitalization of C$2.44 billion, a price-to-earnings ratio of 19.13, a PEG ratio of 1.42 and a beta of 2.04. The stock's 50 day simple moving average is C$50.23 and its 200 day simple moving average is C$53.70.
Insiders Place Their Bets
In other news, Director Brad Bennett acquired 25,000 shares of Exchange Income stock in a transaction dated 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. Also, Director Michael Pyle bought 4,000 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The stock was acquired at an average cost of C$50.26 per share, with a total value of C$201,052.00. In the last 90 days, insiders acquired 30,311 shares of company stock valued at $1,510,455. Company insiders own 6.44% of the company's stock.
About Exchange Income
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Get Free ReportExchange 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.
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