Exchange Income (TSE:EIF) Upgraded to "Strong-Buy" at Ventum Cap Mkts

Exchange Income (TSE:EIF - Get Free Report) was upgraded by investment analysts at Ventum Cap Mkts to a "strong-buy" rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other research firms have also weighed in on EIF. Ventum Financial set a C$74.00 target price on shares of Exchange Income and gave the stock a "buy" rating in a report on Tuesday. ATB Capital lifted their target price on Exchange Income from C$66.00 to C$67.00 and gave the stock an "outperform" rating in a report on Monday, August 12th. CIBC increased their price target on Exchange Income from C$61.50 to C$62.50 and gave the stock an "outperform" rating in a report on Monday, August 12th. TD Securities cut their price objective on Exchange Income from C$69.00 to C$67.00 and set a "buy" rating on the stock in a report on Wednesday, October 23rd. Finally, Canaccord Genuity Group increased their target price on Exchange Income from C$68.00 to C$70.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Eight investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of C$66.15.

Exchange Income Stock Performance

Exchange Income has a twelve month low of C$42.83 and a twelve month high of C$56.59. The stock's fifty day moving average price is C$52.27 and its 200-day moving average price 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. The company has a market cap of C$2.65 billion, a PE ratio of 22.98, a P/E/G ratio of 1.42 and a beta of 2.04.

Exchange Income (TSE:EIF - Get Free Report) last released its quarterly earnings data 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. Exchange Income had a return on equity of 9.38% and a net margin of 4.44%. The business had revenue of C$660.58 million during the quarter, compared to the consensus estimate of C$677.10 million. As a group, equities analysts predict that Exchange Income will post 3.9962963 EPS for the current year.

Exchange Income Company Profile

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.