Exchange Income Co. (TSE:EIF) Receives C$128.75 Consensus Target Price from Brokerages

Exchange Income Co. (TSE:EIF) has received an average rating of “Buy” from the fourteen analysts that are presently covering the company, MarketBeat.com reports. Fourteen equities research analysts have rated the stock with a buy rating. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$131.39.

Several brokerages have commented on EIF. Royal Bank Of Canada raised their price objective on Exchange Income from C$127.00 to C$150.00 and gave the company an “outperform” rating in a research report on Monday, June 29th. Canadian Imperial Bank of Commerce lifted their price target on shares of Exchange Income from C$123.00 to C$141.00 and gave the company an “outperformer” rating in a research report on Wednesday, June 10th. Desjardins upped their price objective on shares of Exchange Income from C$116.00 to C$120.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. TD upped their price objective on shares of Exchange Income from C$125.00 to C$142.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Finally, Scotiabank lifted their target price on shares of Exchange Income from C$129.00 to C$145.00 in a report on Thursday.

Insiders Place Their Bets

In related news, Director Duncan Draper Jessiman sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of C$130.64, for a total transaction of C$130,640.00. Following the completion of the transaction, the director owned 5,080 shares of the company’s stock, valued at C$663,651.20. This trade represents a 16.45% decrease in their position. 6.44% of the stock is currently owned by company insiders.

Exchange Income Trading Down 2.3%

Shares of EIF opened at C$127.48 on Friday. Exchange Income has a 1-year low of C$64.95 and a 1-year high of C$136.48. The company has a current ratio of 1.64, a quick ratio of 1.12 and a debt-to-equity ratio of 141.03. The firm’s 50-day moving average price is C$122.58 and its 200-day moving average price is C$107.29. The firm has a market capitalization of C$7.18 billion, a price-to-earnings ratio of 36.74, a PEG ratio of 1.42 and a beta of 1.03.

Exchange Income (TSE:EIF) last released its quarterly earnings results on Monday, May 11th. The company reported C$0.61 earnings per share (EPS) for the quarter. The company 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%. Sell-side analysts anticipate that Exchange Income will post 3.9962963 EPS for the current year.

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.