Raymond James Financial Raises Exchange Income (TSE:EIF) Price Target to C$142.00

Exchange Income (TSE:EIF) had its price objective hoisted by equities research analysts at Raymond James Financial from C$130.00 to C$142.00 in a report issued on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Raymond James Financial’s price objective indicates a potential upside of 13.70% from the stock’s previous close.

Several other research firms have also weighed in on EIF. Desjardins lifted their target price on shares of Exchange Income from C$116.00 to C$120.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Paradigm Capital lifted their target price on shares of Exchange Income from C$120.00 to C$122.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. ATB Cormark Capital Markets lifted their target price on shares of Exchange Income from C$120.00 to C$125.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Canadian Imperial Bank of Commerce lifted 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, May 13th. Finally, Canaccord Genuity Group lifted 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, May 13th. Thirteen investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$123.12.

Exchange Income Stock Performance

Shares of TSE:EIF traded up C$1.55 during trading on Thursday, hitting C$124.89. 138,664 shares of the stock traded hands, compared to its average volume of 177,532. The company has a quick ratio of 1.13, a current ratio of 1.64 and a debt-to-equity ratio of 141.03. The company has a market cap of C$7.03 billion, a price-to-earnings ratio of 35.99, a P/E/G ratio of 1.42 and a beta of 0.98. The company has a fifty day moving average price of C$106.69 and a two-hundred day moving average price of C$96.68. Exchange Income has a 52-week low of C$55.98 and a 52-week high of C$124.89.

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 firm 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%. As a group, equities analysts predict that Exchange Income will post 3.9962963 EPS for the current year.

Insider Buying and Selling

In related news, Director Duncan Draper Jessiman sold 3,000 shares of the business’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 sale, the director owned 6,080 shares of the company’s stock, valued at approximately C$618,944. The trade was a 33.04% decrease in their position. 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.