Exchange Income (TSE:EIF) Price Target Raised to C$135.00

Exchange Income (TSE:EIF) had its target price boosted by Desjardins from C$120.00 to C$135.00 in a report published on Wednesday,BayStreet.CA reports.

A number of other brokerages also recently commented on EIF. Paradigm Capital lifted their price objective on Exchange Income from C$120.00 to C$122.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Raymond James Financial upped their target price on Exchange Income from C$130.00 to C$142.00 and gave the company a “buy” rating in a report on Thursday, June 4th. ATB Cormark Capital Markets raised their target price on Exchange Income from C$125.00 to C$146.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 15th. Canadian Imperial Bank of Commerce lifted their price target on Exchange Income from C$123.00 to C$141.00 and gave the stock an “outperformer” rating in a report on Wednesday, June 10th. Finally, BMO Capital Markets raised shares of Exchange Income from a “market perform” rating to an “outperform” rating and boosted their price target for the company from C$111.00 to C$120.00 in a research report on Wednesday, May 13th. Fourteen analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$132.46.

Exchange Income Stock Down 0.6%

Shares of TSE EIF opened at C$125.60 on Wednesday. The stock has a market cap of C$7.07 billion, a PE ratio of 36.20, a P/E/G ratio of 1.42 and a beta of 1.03. The company has a current ratio of 1.64, a quick ratio of 1.12 and a debt-to-equity ratio of 141.03. Exchange Income has a 12-month low of C$64.95 and a 12-month high of C$136.48. The company has a 50-day moving average of C$125.43 and a 200 day moving average of C$108.99.

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

Insider Buying and Selling

In related news, Director Duncan Draper Jessiman sold 1,000 shares of the 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 value of C$130,640.00. Following the completion of the transaction, the director directly owned 5,080 shares in the company, valued at approximately C$663,651.20. This represents a 16.45% decrease in their ownership of the stock. 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.