Exchange Income (TSE:EIF) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Exchange Income Co. (TSE:EIF)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$72.94 and traded as high as C$82.86. Exchange Income shares last traded at C$81.96, with a volume of 70,320 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on EIF. Raymond James Financial increased their target price on shares of Exchange Income from C$90.00 to C$92.00 in a research note on Monday, November 10th. National Bankshares upped their price target on shares of Exchange Income from C$84.00 to C$88.00 in a report on Monday, November 10th. Royal Bank Of Canada set a C$94.00 price objective on Exchange Income and gave the company an “outperform” rating in a research note on Tuesday, November 25th. Ventum Financial set a C$81.00 target price on Exchange Income and gave the stock a “buy” rating in a research report on Tuesday, September 16th. Finally, Scotiabank upped their target price on Exchange Income from C$80.00 to C$90.00 in a research note on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Exchange Income presently has a consensus rating of “Buy” and an average target price of C$85.19.

Exchange Income Price Performance

The company has a market capitalization of C$4.21 billion, a P/E ratio of 29.70, a P/E/G ratio of 1.42 and a beta of 0.68. The company has a current ratio of 1.76, a quick ratio of 1.13 and a debt-to-equity ratio of 173.72. The business’s fifty day moving average price is C$79.73 and its 200-day moving average price is C$73.00.

Exchange Income (TSE:EIF) last issued its quarterly earnings results on Friday, November 7th. The company reported C$1.46 earnings per share (EPS) for the quarter. Exchange Income had a return on equity of 9.73% and a net margin of 4.64%.The firm had revenue of C$959.74 million during the quarter. As a group, sell-side analysts predict that Exchange Income Co. will post 3.9962963 earnings per share for the current fiscal year.

Exchange Income Company Profile

Exchange Income Corp is a diversified acquisition-oriented corporation focused on opportunities in two sectors, aerospace, aviation services and equipment, and manufacturing. The business plan of the corporation is to invest in profitable, well-established companies with strong cash flows operating in niche markets. Its Aerospace and Aviation segment is a key revenue driver, recognizes revenue from the provision of flight, flight ancillary services, and the sale or lease of aircraft and aftermarket parts.