Exchange Income Co. (TSE:EIF) Given Consensus Recommendation of “Buy” by Brokerages

Exchange Income Co. (TSE:EIF) has earned a consensus rating of “Buy” from the seven research firms that are covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$69.00.

A number of equities analysts recently commented on the stock. Scotiabank reduced their price objective on shares of Exchange Income from C$65.00 to C$64.00 in a research note on Friday, February 28th. Paradigm Capital set a C$69.00 price target on Exchange Income and gave the stock a “buy” rating in a research report on Thursday, January 30th. Finally, CIBC raised their price objective on Exchange Income from C$66.00 to C$69.00 in a research report on Wednesday, December 4th.

Exchange Income Trading Down 0.0 %

TSE EIF opened at C$50.18 on Friday. The company’s 50-day simple moving average is C$52.29 and its two-hundred day simple moving average is C$53.85. Exchange Income has a one year low of C$43.08 and a one year high of C$59.32. The company has a market capitalization of C$2.50 billion, a price-to-earnings ratio of 19.66, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04. The company has a debt-to-equity ratio of 173.72, a quick ratio of 1.13 and a current ratio of 1.76.

Insider Buying and Selling at Exchange Income

In other news, Director Brad Bennett purchased 25,000 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were acquired at an average price of C$49.77 per share, for a total transaction of C$1,244,182.50. Also, Director Michael Pyle acquired 4,000 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was purchased at an average cost of C$50.26 per share, for a total transaction of C$201,052.00. Over the last ninety days, insiders acquired 30,366 shares of company stock worth $1,513,686. 6.44% of the stock is owned by insiders.

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.