Paradigm Capital Issues Positive Forecast for Exchange Income (TSE:EIF) Stock Price

Exchange Income (TSE:EIF) had its price target raised by Paradigm Capital from C$120.00 to C$122.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Paradigm Capital’s target price suggests a potential upside of 14.96% from the stock’s current price.

A number of other equities research analysts have also commented on EIF. Canaccord Genuity Group raised their price objective on shares of Exchange Income from C$116.00 to C$129.00 and gave the stock a “buy” rating in a report on Wednesday. BMO Capital Markets increased their target price on Exchange Income from C$100.00 to C$111.00 and gave the stock a “market perform” rating in a report on Thursday, April 16th. TD Securities lifted their price target on Exchange Income from C$102.00 to C$125.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. National Bank Financial lifted their price target on Exchange Income from C$110.00 to C$125.00 and gave the company an “outperform” rating in a research note on Thursday, February 26th. Finally, Ventum Financial lifted their price target on Exchange Income from C$110.00 to C$135.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating and twelve have given a Buy rating to the stock. Based on data from MarketBeat.com, Exchange Income currently has a consensus rating of “Buy” and a consensus price target of C$122.19.

Exchange Income Trading Up 1.7%

EIF traded up C$1.76 during mid-day trading on Wednesday, hitting C$106.12. The stock had a trading volume of 159,542 shares, compared to its average volume of 176,641. The stock’s fifty day simple moving average is C$102.87 and its 200-day simple moving average is C$92.54. The company has a debt-to-equity ratio of 149.91, a current ratio of 1.71 and a quick ratio of 1.13. The firm has a market capitalization of C$5.98 billion, a price-to-earnings ratio of 34.01, a price-to-earnings-growth ratio of 1.42 and a beta of 0.98. Exchange Income has a 1-year low of C$55.98 and a 1-year high of C$111.00.

Exchange Income (TSE:EIF) last posted its 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 net margin of 5.11% and a return on equity of 10.61%. As a group, research analysts forecast that Exchange Income will post 3.9962963 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Duncan Draper Jessiman sold 3,000 shares of the firm’s stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of C$101.80, for a total value of C$305,400.00. Following the completion of the transaction, the director owned 6,080 shares of the company’s stock, valued at approximately C$618,944. This trade represents a 33.04% decrease in their ownership of the stock. Company insiders own 6.44% of the company’s stock.

Exchange Income Company Profile

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.