Exchange Income (TSE:EIF) Stock Price Crosses Above Two Hundred Day Moving Average - Here's Why

Exchange Income Co. (TSE:EIF - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$52.78 and traded as high as C$56.78. Exchange Income shares last traded at C$56.44, with a volume of 83,788 shares traded.

Analysts Set New Price Targets

EIF has been the topic of a number of research analyst reports. National Bankshares raised their price target on Exchange Income from C$61.00 to C$68.00 in a report on Monday, November 11th. CIBC boosted their price target on shares of Exchange Income from C$66.00 to C$69.00 in a research report on Wednesday, December 4th. Ventum Cap Mkts upgraded shares of Exchange Income to a "strong-buy" rating in a report on Tuesday, November 5th. Canaccord Genuity Group boosted their target price on Exchange Income from C$70.00 to C$72.00 in a report on Tuesday, November 12th. Finally, Royal Bank of Canada increased their price target on Exchange Income from C$65.00 to C$71.00 in a research note on Thursday, November 14th. Six equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Exchange Income has an average rating of "Buy" and a consensus target price of C$70.00.

Exchange Income Stock Up 1.8 %

The firm has a market capitalization of C$2.73 billion, a price-to-earnings ratio of 23.75, a PEG ratio of 1.42 and a beta of 2.04. The company has a current ratio of 1.77, a quick ratio of 1.13 and a debt-to-equity ratio of 171.03. The stock has a fifty day moving average of C$56.44 and a 200-day moving average of C$52.78.

Exchange Income (TSE:EIF - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported C$1.29 EPS for the quarter, topping the consensus estimate of C$1.19 by C$0.10. Exchange Income had a net margin of 4.44% and a return on equity of 9.38%. During the same period in the previous year, the business earned $1.19 earnings per share. As a group, sell-side analysts expect that Exchange Income Co. 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.