Exchange Income (TSE:EIF) Given New C$150.00 Price Target at Royal Bank Of Canada

Exchange Income (TSE:EIF) had its target price hoisted by equities research analysts at Royal Bank Of Canada from C$127.00 to C$150.00 in a research report issued on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 15.08% from the stock’s current price.

EIF has been the subject of several other reports. Desjardins lifted their price target on Exchange Income from C$116.00 to C$120.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. BMO Capital Markets raised shares of Exchange Income from a “market perform” rating to an “outperform” rating and lifted their target price for the company from C$111.00 to C$120.00 in a report on Wednesday, May 13th. TD lifted their price objective on shares of Exchange Income from C$125.00 to C$142.00 and gave the company a “buy” rating in a report on Monday, June 8th. Canadian Imperial Bank of Commerce increased their target price on shares of Exchange Income from C$123.00 to C$141.00 and gave the stock an “outperformer” rating in a research note on Wednesday, June 10th. Finally, Scotiabank raised their target price on Exchange Income from C$121.00 to C$129.00 and gave the company an “outperform” rating in a research report on Monday, March 9th. Fourteen analysts have rated the stock with a Buy rating, According to MarketBeat, Exchange Income has an average rating of “Buy” and a consensus price target of C$127.39.

Exchange Income Stock Performance

TSE EIF traded down C$0.44 on Monday, reaching C$130.34. 67,330 shares of the company’s stock traded hands, compared to its average volume of 179,224. The firm has a market cap of C$7.34 billion, a price-to-earnings ratio of 37.56, a P/E/G ratio of 1.42 and a beta of 1.01. The stock has a 50 day moving average price of C$114.73 and a 200-day moving average price of C$102.61. Exchange Income has a fifty-two week low of C$61.88 and a fifty-two week high of C$135.00. The company has a debt-to-equity ratio of 141.03, a quick ratio of 1.12 and a current ratio of 1.64.

Exchange Income (TSE:EIF) last announced its quarterly earnings results on Monday, May 11th. The company reported C$0.61 earnings per share for the quarter. The company had revenue of C$866.58 million for the quarter. Exchange Income had a return on equity of 11.35% and a net margin of 5.41%. Equities research analysts predict that Exchange Income will post 3.9962963 EPS for the current fiscal year.

Insider Activity

In related news, Director Duncan Draper Jessiman sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of C$101.80, for a total transaction of C$305,400.00. Following the completion of the sale, the director directly owned 6,080 shares in the company, valued at approximately C$618,944. The trade was a 33.04% decrease in their ownership of the stock. 6.44% of the stock is owned by corporate insiders.

About Exchange Income

Exchange Income Corporation is a diversified acquisition-oriented company, focused in two segments: Aerospace & Aviation and Manufacturing. The Corporation uses a disciplined acquisition strategy to identify already profitable, well-established companies that have strong management teams, generate steady cash flow, operate in niche markets and have opportunities for organic growth.