CIBC Increases Exchange Income (EIF) Price Target to C$37.50

Exchange Income (TSE:EIF) had its target price upped by equities research analysts at CIBC from C$35.00 to C$37.50 in a research note issued on Friday. The firm currently has a “neutral” rating on the stock. CIBC’s target price indicates a potential upside of 10.10% from the company’s current price.

Several other research firms have also recently commented on EIF. National Bank Financial raised their target price on shares of Exchange Income from C$43.00 to C$44.00 and gave the stock an “outperform” rating in a research report on Monday, November 27th. TD Securities raised their target price on shares of Exchange Income from C$42.00 to C$43.00 and gave the stock a “buy” rating in a research report on Friday, October 6th. Canaccord Genuity raised their target price on shares of Exchange Income from C$42.00 to C$42.50 in a research report on Friday, November 17th. Laurentian dropped their target price on shares of Exchange Income from C$48.00 to C$47.00 in a research report on Monday, November 13th. Finally, Laurentian Bank of Canada dropped their target price on shares of Exchange Income from C$48.00 to C$47.00 in a research report on Monday, November 13th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of C$43.78.

Shares of Exchange Income (TSE:EIF) opened at C$34.06 on Friday. The firm has a market cap of $1,060.00, a price-to-earnings ratio of 16.53 and a beta of 0.70. Exchange Income has a 12-month low of C$25.80 and a 12-month high of C$42.29.

Exchange Income (TSE:EIF) last announced its quarterly earnings results on Wednesday, November 8th. The company reported C$0.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.81 by C$0.03. Exchange Income had a net margin of 9.43% and a return on equity of 17.22%.

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Exchange Income Company Profile

Exchange Income Corporation is focused on opportunities in aerospace and aviation services and equipment, and manufacturing. The Company operates through two segments: Aviation and Manufacturing. The Aviation segment provides scheduled airline and charter service, and emergency medical services to communities located in Manitoba, Ontario and Nunavut.

Analyst Recommendations for Exchange Income (TSE:EIF)

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