Scotiabank Boosts Exchange Income (TSE:EIF) Price Target to C$150.00

Exchange Income (TSE:EIF) had its price target increased by Scotiabank from C$140.00 to C$150.00 in a report released on Thursday,BayStreet.CA reports. The brokerage presently has a “sector outperform” rating on the stock. Scotiabank’s price objective suggests a potential upside of 10.56% from the stock’s previous close.

Other analysts have also issued reports about the company. Desjardins raised their price target on Exchange Income from C$135.00 to C$145.00 and gave the stock a “buy” rating in a research note on Wednesday. Paradigm Capital increased their price objective on shares of Exchange Income from C$120.00 to C$122.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. National Bank Financial raised their target price on shares of Exchange Income from C$144.00 to C$145.00 and gave the stock an “outperform” rating in a research report on Thursday. TD boosted their target price on shares of Exchange Income from C$142.00 to C$151.00 and gave the company a “buy” rating in a report on Thursday. Finally, Canaccord Genuity Group upped their price target on shares of Exchange Income from C$116.00 to C$129.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating and twelve have given a Buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$145.92.

Exchange Income Trading Up 0.2%

Shares of Exchange Income stock traded up C$0.24 during trading hours on Thursday, reaching C$135.67. 101,343 shares of the company’s stock were exchanged, compared to its average volume of 174,114. Exchange Income has a 52-week low of C$69.67 and a 52-week high of C$136.75. The company has a fifty day moving average of C$128.73 and a 200-day moving average of C$112.60. 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 has a market capitalization of C$7.64 billion, a price-to-earnings ratio of 39.10, a price-to-earnings-growth ratio of 1.42 and a beta of 1.03.

Exchange Income (TSE:EIF) last announced its quarterly earnings data on Tuesday, August 11th. The company reported C$1.13 EPS for the quarter. The business had revenue of C$952.16 million during the quarter. Exchange Income had a return on equity of 11.35% and a net margin of 5.41%. Sell-side analysts forecast that Exchange Income will post 3.9962963 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Duncan Draper Jessiman sold 1,000 shares of the firm’s stock in a transaction dated 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 transaction, the director directly owned 5,080 shares in the company, valued at C$663,651.20. This trade represents a 16.45% decrease in their position. 6.44% of the stock is owned by corporate insiders.

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.