Exchange Income (TSE:EIF) Reaches New 52-Week High – What’s Next?

Exchange Income Co. (TSE:EIF)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as C$132.27 and last traded at C$132.02, with a volume of 29912 shares. The stock had previously closed at C$128.65.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. BMO Capital Markets raised shares of Exchange Income from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from C$111.00 to C$120.00 in a report on Wednesday, May 13th. National Bank Financial raised their price target on Exchange Income from C$110.00 to C$125.00 and gave the company an “outperform” rating in a research report on Thursday, February 26th. Scotiabank lifted their price target on Exchange Income from C$121.00 to C$129.00 and gave the stock an “outperform” rating in a research note on Monday, March 9th. Raymond James Financial upped their price objective on Exchange Income from C$130.00 to C$142.00 and gave the stock a “buy” rating in a report on Thursday, June 4th. Finally, ATB Cormark Capital Markets increased their price objective on Exchange Income from C$120.00 to C$125.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Fourteen research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$125.75.

Exchange Income Stock Up 3.8%

The company has a debt-to-equity ratio of 141.03, a quick ratio of 1.13 and a current ratio of 1.64. The stock’s 50 day moving average price is C$110.97 and its 200-day moving average price is C$100.07. The company has a market cap of C$7.52 billion, a PE ratio of 38.49, a PEG ratio of 1.42 and a beta of 1.01.

Exchange Income (TSE:EIF) last issued its earnings results on Monday, May 11th. The company reported C$0.61 EPS for the quarter. Exchange Income had a net margin of 5.41% and a return on equity of 11.35%. The company had revenue of C$866.58 million for the quarter. On average, analysts predict that Exchange Income Co. will post 3.9962963 earnings per share for the current year.

Insider Activity at Exchange Income

In other news, Director Duncan Draper Jessiman sold 3,000 shares of the business’s 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 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. Corporate 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.