TD Securities Cuts Exchange Income (TSE:EIF) Price Target to C$67.00

Exchange Income (TSE:EIF - Get Free Report) had its target price decreased by TD Securities from C$69.00 to C$67.00 in a report released on Wednesday, BayStreet.CA reports. The firm currently has a "buy" rating on the stock. TD Securities' target price points to a potential upside of 21.64% from the stock's current price.

Several other equities research analysts have also issued reports on EIF. ATB Capital lifted their price target on Exchange Income from C$66.00 to C$67.00 and gave the stock an "outperform" rating in a research note on Monday, August 12th. Canaccord Genuity Group upped 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. Finally, CIBC lifted their price target on shares of 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. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of C$65.28.

Exchange Income Price Performance

Shares of EIF traded down C$1.00 during trading hours on Wednesday, reaching C$55.08. 53,868 shares of the company's stock traded hands, compared to its average volume of 82,513. Exchange Income has a 12 month low of C$42.05 and a 12 month high of C$56.59. 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 market cap of C$2.62 billion, a PE ratio of 22.64, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04. The firm's 50 day simple moving average is C$50.79 and its 200-day simple moving average is C$47.95.

Exchange Income (TSE:EIF - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported C$0.80 EPS for the quarter, topping analysts' consensus estimates of C$0.78 by C$0.02. The business had revenue of C$660.58 million during the quarter, compared to analysts' expectations of C$677.10 million. Exchange Income had a net margin of 4.44% and a return on equity of 9.38%. Equities analysts expect that Exchange Income 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.