Exchange Income (TSE:EIF) had its price objective boosted by TD Securities from C$46.00 to C$47.00 in a report released on Thursday. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price indicates a potential upside of 43.42% from the company’s current price.
Several other research firms have also weighed in on EIF. National Bank Financial reiterated an “outperform market weight” rating on shares of Exchange Income in a research note on Thursday, February 22nd. Scotiabank increased their price objective on shares of Exchange Income from C$43.00 to C$45.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Finally, CIBC increased their price objective on shares of Exchange Income from C$35.00 to C$37.50 and gave the stock a “neutral” rating in a research note on Friday, January 19th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Exchange Income has a consensus rating of “Buy” and a consensus price target of C$44.22.
EIF traded up C$0.81 on Thursday, hitting C$32.77. 118,511 shares of the company’s stock were exchanged, compared to its average volume of 82,145. Exchange Income has a twelve month low of C$25.80 and a twelve month high of C$37.60.
Exchange Income (TSE:EIF) last released its quarterly earnings data on Wednesday, February 21st. The company reported C$0.72 earnings per share for the quarter, topping the consensus estimate of C$0.55 by C$0.17. The firm had revenue of C$263.91 million for the quarter, compared to analyst estimates of C$254.90 million. Exchange Income had a net margin of 6.41% and a return on equity of 12.03%.
In other news, Director Edward Warkentin purchased 2,000 shares of the company’s stock in a transaction on Monday, February 26th. The shares were bought at an average price of C$35.36 per share, for a total transaction of C$70,720.00. Also, insider Adam Terwin purchased 1,900 shares of the company’s stock in a transaction on Monday, March 26th. The stock was purchased at an average price of C$30.79 per share, for a total transaction of C$58,501.00. Insiders acquired 4,900 shares of company stock worth $159,311 in the last 90 days.
Exchange Income Company Profile
Exchange Income Corporation engages in aerospace and aviation services and equipment, and manufacturing businesses worldwide. It operates through two segments, Aerospace & Aviation, and Manufacturing. The Aerospace & Aviation segment scheduled airline and charter services, and emergency medical services to communities located in Manitoba, Ontario, and Nunavut; and scheduled airline and charter service in Newfoundland and Labrador, Quebec, New Brunswick, and Nova Scotia.
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