Exchange Income (TSE:EIF) Shares Pass Above 200 Day Moving Average – What’s Next?

Shares of Exchange Income Co. (TSE:EIF) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$53.11 and traded as high as C$53.69. Exchange Income shares last traded at C$53.56, with a volume of 81,829 shares.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. CIBC increased their price objective on Exchange Income from C$66.00 to C$69.00 in a research report on Wednesday, December 4th. TD Securities reduced their price target on shares of Exchange Income from C$69.00 to C$67.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Canaccord Genuity Group boosted their price objective on shares of Exchange Income from C$70.00 to C$72.00 in a report on Tuesday, November 12th. Ventum Cap Mkts raised shares of Exchange Income to a “strong-buy” rating in a report on Tuesday, November 5th. Finally, Royal Bank of Canada boosted their price target on shares of Exchange Income from C$65.00 to C$71.00 in a research note on Thursday, November 14th. Six analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$70.00.

Exchange Income Stock Up 0.6 %

The firm has a market cap of C$2.54 billion, a PE ratio of 22.13, a PEG ratio of 1.42 and a beta of 2.04. The company has a debt-to-equity ratio of 171.03, a quick ratio of 1.13 and a current ratio of 1.77. The company’s 50-day simple moving average is C$56.24 and its two-hundred day simple moving average is C$53.11.

Exchange Income (TSE:EIF) last posted its earnings results on Thursday, November 7th. The company reported C$1.29 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.19 by C$0.10. Exchange Income had a net margin of 4.44% and a return on equity of 9.38%. During the same quarter last year, the company earned $1.19 earnings per share. On average, analysts predict that Exchange Income Co. will post 3.9962963 earnings per share for the current fiscal 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.