Exchange Income Receives a Buy from Canaccord Genuity

Exchange Income (TSX: EIF), the Services sector company was revisited today, and remains undervalued for at least one analyst on the street. Analyst Raveel Afzaal from Canaccord Genuity reiterated a Buy rating, with a C$42.50 price target.

According to TipRanks.com, Afzaal is ranked #2507 out of 4787 analysts.

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Exchange Income has an analyst consensus of Strong Buy, with a price target consensus of C$46.17.

Based on Exchange Income’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of C$16.92 million. In comparison, last year the company had a net profit of C$5.56 million.

Exchange Income Corp. is a diversified, acquisition-oriented company, which focuses on opportunities in the manufacturing and aviation business. It operates through Aerospace and Aviation; and Manufacturing segments.

The company’s shares closed on Tuesday at C$29.84.