Canaccord Genuity Lowers Exchange Income (TSE:EIF) Price Target to C$35.00

Exchange Income (TSE:EIF) had its price target cut by Canaccord Genuity from C$37.00 to C$35.00 in a research note published on Tuesday, BayStreet.CA reports.

A number of other research firms have also weighed in on EIF. AltaCorp Capital lowered their price objective on Exchange Income from C$54.00 to C$47.00 in a research note on Friday, March 27th. Raymond James decreased their price target on Exchange Income from C$65.00 to C$45.00 and set a strong-buy rating on the stock in a research note on Thursday, March 19th. Scotiabank upped their price target on Exchange Income from C$47.00 to C$49.00 in a research note on Monday, February 24th. TD Securities decreased their price target on Exchange Income from C$38.00 to C$30.00 and set a buy rating on the stock in a research note on Thursday, May 7th. Finally, CIBC upped their price target on Exchange Income from C$43.00 to C$49.00 in a research note on Friday, February 21st.

TSE EIF opened at C$24.10 on Tuesday. The stock’s fifty day moving average is C$23.16 and its two-hundred day moving average is C$36.30. The firm has a market capitalization of $841.39 million and a P/E ratio of 9.69. The company has a debt-to-equity ratio of 157.58, a quick ratio of 1.19 and a current ratio of 2.10. Exchange Income has a fifty-two week low of C$12.57 and a fifty-two week high of C$46.10.

Exchange Income (TSE:EIF) last released its quarterly earnings data on Thursday, February 20th. The company reported C$0.88 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.77 by C$0.11. The company had revenue of C$363.29 million for the quarter, compared to analyst estimates of C$356.35 million. As a group, sell-side analysts forecast that Exchange Income will post 2.94 EPS for the current year.

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 offers scheduled airline and charter services, and emergency medical services to communities located in Manitoba, Ontario, and Nunavut, as well as Newfoundland and Labrador, Quebec, New Brunswick, and Nova Scotia.

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