Exchange Income (TSE:EIF) Price Target Raised to C$144.00

Exchange Income (TSE:EIF) had its price target boosted by research analysts at National Bank Financial from C$125.00 to C$144.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price objective suggests a potential upside of 8.38% from the stock’s current price.

A number of other brokerages have also weighed in on EIF. Paradigm Capital upped their target price on shares of Exchange Income from C$120.00 to C$122.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Canaccord Genuity Group lifted their price target on shares of Exchange Income from C$116.00 to C$129.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Raymond James Financial boosted their price target on shares of Exchange Income from C$130.00 to C$142.00 and gave the stock a “buy” rating in a research note on Thursday, June 4th. Canadian Imperial Bank of Commerce increased their price objective on shares of Exchange Income from C$123.00 to C$141.00 and gave the company an “outperformer” rating in a report on Wednesday, June 10th. Finally, TD raised their price objective on Exchange Income from C$125.00 to C$142.00 and gave the company a “buy” rating in a research report on Monday, June 8th. Fourteen research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$128.75.

Exchange Income Price Performance

TSE EIF traded up C$0.79 during trading hours on Thursday, reaching C$132.86. The company’s stock had a trading volume of 48,852 shares, compared to its average volume of 178,469. The firm’s 50-day moving average price is C$119.31 and its 200-day moving average price is C$105.37. The company has a quick ratio of 1.12, a current ratio of 1.64 and a debt-to-equity ratio of 141.03. Exchange Income has a 1 year low of C$64.95 and a 1 year high of C$136.48. The company has a market capitalization of C$7.48 billion, a price-to-earnings ratio of 38.29, a PEG ratio of 1.42 and a beta of 1.03.

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

Insider Activity at Exchange Income

In other news, Director Duncan Draper Jessiman sold 1,000 shares of the business’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of C$130.64, for a total value of C$130,640.00. Following the sale, the director directly owned 5,080 shares in the company, valued at C$663,651.20. The trade was a 16.45% decrease in their position. 6.44% of the stock is owned by 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.