Exchange Income Co. (TSE:EIF) Stock Has Consensus Price Target of C$146.21

Shares of Exchange Income Co. (TSE:EIF) have been assigned a consensus recommendation of “Buy” from the fourteen brokerages that are presently covering the company, Marketbeat.com reports. Thirteen investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$146.21.

Several research analysts have weighed in on the company. National Bank Financial set a C$145.00 price target on Exchange Income and gave the stock an “outperform” rating in a research report on Thursday, October 8th. Ventum Capital set a C$150.00 price objective on Exchange Income and gave the stock a “buy” rating in a research note on Tuesday, November 3rd. Scotiabank increased their price objective on Exchange Income from C$140.00 to C$150.00 and gave the company a “sector outperform” rating in a report on Thursday, August 13th. BMO Capital Markets raised their target price on shares of Exchange Income from C$140.00 to C$152.00 in a research note on Thursday, August 13th. Finally, Royal Bank Of Canada boosted their target price on shares of Exchange Income from C$150.00 to C$156.00 and gave the stock an “outperform” rating in a report on Thursday, August 13th.

Exchange Income Stock Up 1.9%

TSE:EIF traded up C$2.41 on Thursday, hitting C$127.72. 339,746 shares of the company’s stock were exchanged, compared to its average volume of 163,363. The firm has a 50-day moving average price of C$118.23 and a 200-day moving average price of C$115.17. Exchange Income has a 52 week low of C$75.27 and a 52 week high of C$136.75. The company has a debt-to-equity ratio of 139.61, a current ratio of 1.60 and a quick ratio of 1.12. The company has a market cap of C$7.19 billion, a P/E ratio of 34.61, a price-to-earnings-growth ratio of 1.42 and a beta of 0.70.

Exchange Income (TSE:EIF) last announced its quarterly earnings data on Thursday, November 12th. The company reported C$1.81 earnings per share for the quarter. Exchange Income had a return on equity of 12.78% and a net margin of 6.10%. The company had revenue of C$1.06 billion during the quarter. As a group, analysts expect that Exchange Income will post 4.00 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Michael Pyle acquired 1,000 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The stock was bought at an average price of C$116.93 per share, with a total value of C$116,930.00. Following the transaction, the director directly owned 20,337 shares in the company, valued at approximately C$2,378,005.41. The trade was a 5.17% increase in their position. Also, Director Donald Streuber sold 3,500 shares of the business’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of C$120.47, for a total transaction of C$421,645.00. Following the transaction, the director owned 27,368 shares in the company, valued at C$3,297,022.96. This represents a 11.34% decrease in their ownership of the stock. In the last quarter, insiders acquired 1,534 shares of company stock valued at $181,356. 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.