Exchange Income Co. (TSE:EIF) Stock Has Average Target Price of C$145.92 According to Analysts

Shares of Exchange Income Co. (TSE:EIF) have been assigned a consensus rating of “Buy” from the thirteen brokerages that are currently covering the company, MarketBeat.com reports. Twelve equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$145.92.

Several equities research analysts have recently weighed in on EIF shares. Desjardins upped their target price on Exchange Income from C$135.00 to C$145.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. ATB Cormark Capital Markets lifted their price target on shares of Exchange Income from C$146.00 to C$165.00 and gave the stock an “outperform” rating in a research note on Thursday, August 13th. Canadian Imperial Bank of Commerce lifted their price target on shares of Exchange Income from C$141.00 to C$151.00 in a research note on Thursday, August 13th. Canaccord Genuity Group raised their price objective on Exchange Income from C$129.00 to C$150.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Finally, Raymond James Financial increased their price target on Exchange Income from C$142.00 to C$150.00 and gave the stock a “strong-buy” rating in a research report on Thursday, August 13th.

Exchange Income Stock Performance

Shares of EIF stock opened at C$123.80 on Wednesday. The company has a current ratio of 1.63, a quick ratio of 1.12 and a debt-to-equity ratio of 141.68. The company has a market cap of C$6.98 billion, a PE ratio of 33.55, a P/E/G ratio of 1.42 and a beta of 0.94. The company’s fifty day simple moving average is C$124.11 and its 200-day simple moving average is C$117.41. Exchange Income has a 52 week low of C$72.10 and a 52 week high of C$136.75.

Exchange Income (TSE:EIF) last announced its quarterly earnings results on Tuesday, August 11th. The company reported C$1.13 earnings per share for the quarter. Exchange Income had a net margin of 5.53% and a return on equity of 11.69%. The firm had revenue of C$952.16 million during the quarter. As a group, equities research analysts anticipate that Exchange Income will post 3.9962963 EPS for the current year.

Insider Activity

In other news, Director Donald Streuber sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of C$130.44, for a total transaction of C$652,200.00. Following the completion of the transaction, the director owned 279,299 shares in the company, valued at approximately C$36,431,761.56. This represents a 1.76% decrease in their ownership of the stock. Also, Director Michael Pyle acquired 1,000 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The stock was purchased at an average cost of C$116.93 per share, for a total transaction of C$116,930.00. Following the acquisition, the director owned 20,337 shares in the company, valued at approximately C$2,378,005.41. This trade represents a 5.17% increase in their ownership of the stock. Over the last quarter, insiders bought 1,534 shares of company stock valued at $181,356 and sold 9,500 shares valued at $1,204,485. 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.