Exchange Income (TSE:EIF) Price Target Raised to C$152.00

Exchange Income (TSE:EIF) had its target price increased by equities researchers at BMO Capital Markets from C$140.00 to C$152.00 in a research report issued on Thursday,BayStreet.CA reports. BMO Capital Markets’ price target suggests a potential upside of 12.04% from the stock’s current price.

Several other brokerages have also recently issued reports on EIF. Raymond James Financial raised their price objective on 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. National Bank Financial upped their target price on Exchange Income from C$125.00 to C$144.00 and gave the company an “outperform” rating in a research report on Thursday, July 9th. ATB Cormark Capital Markets increased their price target on shares of Exchange Income from C$125.00 to C$146.00 and gave the stock an “outperform” rating in a report on Wednesday, July 15th. Royal Bank Of Canada raised their price target on shares of Exchange Income from C$127.00 to C$150.00 and gave the stock an “outperform” rating in a research report on Monday, June 29th. Finally, Scotiabank lifted their price objective on shares of Exchange Income from C$129.00 to C$145.00 in a research note on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating and twelve have issued a Buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$145.92.

Exchange Income Stock Performance

EIF stock traded up C$0.24 during midday trading on Thursday, reaching C$135.67. The stock had a trading volume of 101,343 shares, compared to its average volume of 174,114. The stock has a market cap of C$7.64 billion, a PE ratio of 39.10, a P/E/G ratio of 1.42 and a beta of 1.03. The company has a debt-to-equity ratio of 141.03, a quick ratio of 1.12 and a current ratio of 1.64. The firm has a fifty day simple moving average of C$128.73 and a two-hundred day simple moving average of C$112.60. Exchange Income has a 52-week low of C$69.67 and a 52-week high of C$136.75.

Exchange Income (TSE:EIF) last issued its quarterly earnings results on Tuesday, August 11th. The company reported C$1.13 EPS for the quarter. The company 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%. As a group, equities research analysts anticipate that Exchange Income will post 3.9962963 EPS for the current year.

Insider Activity at Exchange Income

In other news, Director Duncan Draper Jessiman sold 1,000 shares of Exchange Income stock in a transaction that occurred on Monday, June 29th. The shares were 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 directly owned 5,080 shares of the company’s stock, valued at C$663,651.20. The trade was a 16.45% decrease in their position. 6.44% of the stock is owned by insiders.

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.