Raymond James Financial Issues Positive Forecast for Exchange Income (TSE:EIF) Stock Price

Exchange Income (TSE:EIF) had its target price hoisted by analysts at Raymond James Financial from C$125.00 to C$130.00 in a report released on Wednesday,BayStreet.CA reports. The firm presently has a “strong-buy” rating on the stock. Raymond James Financial’s price target would suggest a potential upside of 22.50% from the company’s current price.

EIF has been the topic of a number of other research reports. Canadian Imperial Bank of Commerce boosted their target price on shares of Exchange Income from C$120.00 to C$123.00 and gave the company an “outperformer” rating in a report on Wednesday. National Bank Financial boosted their target price on shares of Exchange Income from C$110.00 to C$125.00 and gave the company an “outperform” rating in a report on Thursday, February 26th. Canaccord Genuity Group boosted their target price 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. Scotiabank boosted their target price on shares of Exchange Income from C$121.00 to C$129.00 and gave the company an “outperform” rating in a report on Monday, March 9th. Finally, Ventum Financial upped their price target on shares of Exchange Income from C$110.00 to C$135.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating and twelve have issued a Buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$122.19.

Exchange Income Stock Performance

EIF stock traded up C$1.76 during midday trading on Wednesday, reaching C$106.12. 159,542 shares of the company’s stock traded hands, compared to its average volume of 176,641. The company has a 50-day moving average price of C$102.87 and a two-hundred day moving average price of C$92.54. The company has a debt-to-equity ratio of 149.91, a quick ratio of 1.13 and a current ratio of 1.71. Exchange Income has a 52 week low of C$55.98 and a 52 week high of C$111.00. The firm has a market capitalization of C$5.98 billion, a PE ratio of 34.01, a price-to-earnings-growth ratio of 1.42 and a beta of 0.98.

Exchange Income (TSE:EIF) last issued its earnings results on Monday, May 11th. The company reported C$0.61 earnings per share (EPS) for the quarter. Exchange Income had a net margin of 5.11% and a return on equity of 10.61%. The business had revenue of C$866.58 million for the quarter. As a group, equities analysts anticipate that Exchange Income will post 3.9962963 EPS for the current year.

Insider Buying and Selling at Exchange Income

In other news, Director Duncan Draper Jessiman sold 3,000 shares of the company’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 transaction, the director owned 6,080 shares of the company’s stock, valued at approximately C$618,944. This represents a 33.04% decrease in their ownership of the stock. 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.