Exchange Income Co. (TSE:EIF) Receives Average Recommendation of “Buy” from Analysts

Exchange Income Co. (TSE:EIF) has been assigned a consensus rating of “Buy” from the thirteen ratings firms that are presently covering the stock, Marketbeat.com reports. Twelve research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$122.19.

A number of analysts have issued reports on EIF shares. National Bank Financial raised their price target on Exchange Income from C$110.00 to C$125.00 and gave the stock an “outperform” rating in a research note on Thursday, February 26th. Ventum Financial raised their price target on Exchange Income from C$110.00 to C$135.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. ATB Cormark Capital Markets lifted their price objective on Exchange Income from C$120.00 to C$125.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Canadian Imperial Bank of Commerce lifted their price objective on Exchange Income from C$120.00 to C$123.00 and gave the company an “outperformer” rating in a research note on Wednesday, May 13th. Finally, Paradigm Capital lifted their price objective on Exchange Income from C$120.00 to C$122.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th.

Exchange Income Stock Up 4.2%

Shares of TSE:EIF opened at C$118.27 on Thursday. The stock’s 50-day moving average price is C$104.66 and its two-hundred day moving average price is C$95.06. The company has a current ratio of 1.64, a quick ratio of 1.13 and a debt-to-equity ratio of 141.03. Exchange Income has a 12-month low of C$55.98 and a 12-month high of C$118.36. The firm has a market cap of C$6.66 billion, a price-to-earnings ratio of 34.08, a PEG ratio of 1.42 and a beta of 0.98.

Exchange Income (TSE:EIF) last issued its quarterly earnings results on Monday, May 11th. The company reported C$0.61 earnings per share (EPS) for the quarter. Exchange Income had a return on equity of 11.35% and a net margin of 5.41%.The firm had revenue of C$866.58 million for the quarter. On average, research analysts forecast 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 Exchange Income stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of C$101.80, for a total value of C$305,400.00. Following the transaction, the director directly owned 6,080 shares of the company’s stock, valued at C$618,944. The trade was a 33.04% decrease in their position. 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.