Canadian Imperial Bank of Commerce Forecasts Strong Price Appreciation for Exchange Income (TSE:EIF) Stock

Exchange Income (TSE:EIF) had its target price lifted by equities research analysts at Canadian Imperial Bank of Commerce from C$123.00 to C$141.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm currently has an “outperformer” rating on the stock. Canadian Imperial Bank of Commerce’s target price indicates a potential upside of 14.30% from the stock’s previous close.

Several other research analysts also recently commented on the stock. Royal Bank Of Canada decreased their target price on shares of Exchange Income from C$133.00 to C$127.00 and set an “outperform” rating on the stock in a research note 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 stock a “buy” rating in a research note on Wednesday, May 13th. Ventum Financial lifted their target price on shares of 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. Raymond James Financial lifted their target price 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. Finally, TD Securities lifted their target price on shares of Exchange Income from C$102.00 to C$125.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Fourteen analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$125.75.

Exchange Income Price Performance

Shares of EIF stock traded down C$0.16 during trading hours on Wednesday, hitting C$123.36. 69,457 shares of the company’s stock were exchanged, compared to its average volume of 179,021. The company has a market capitalization of C$6.95 billion, a PE ratio of 35.55, a PEG ratio of 1.42 and a beta of 1.01. Exchange Income has a 12-month low of C$57.00 and a 12-month high of C$125.01. The business’s 50 day simple moving average is C$108.24 and its 200-day simple moving average is C$97.97. 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 (TSE:EIF) last posted its quarterly earnings results on Monday, May 11th. The company reported C$0.61 EPS for the quarter. The firm had revenue of C$866.58 million for the quarter. Exchange Income had a net margin of 5.41% and a return on equity of 11.35%. On average, equities research analysts anticipate that Exchange Income will post 3.9962963 earnings per share for the current year.

Insider Transactions at Exchange Income

In other Exchange Income 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 transaction of C$305,400.00. Following the transaction, the director directly 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.