Exchange Income (TSE:EIF) Stock Price Expected to Rise, Canadian Imperial Bank of Commerce Analyst Says

Exchange Income (TSE:EIF) had its price objective upped by Canadian Imperial Bank of Commerce from C$120.00 to C$123.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperformer” rating on the stock. Canadian Imperial Bank of Commerce’s price target points to a potential upside of 15.91% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the stock. Royal Bank Of Canada upped their price objective on shares of Exchange Income from C$103.00 to C$133.00 and gave the stock an “outperform” rating in a research report on Thursday, February 26th. TD Securities upped their price objective on shares of Exchange Income from C$102.00 to C$125.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Canaccord Genuity Group upped their price objective 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. ATB Cormark Capital Markets upped their price objective on shares of Exchange Income from C$120.00 to C$125.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Finally, Paradigm Capital upped 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 research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the company. According to MarketBeat, Exchange Income has a consensus rating of “Buy” and an average price target of C$122.19.

Exchange Income Price Performance

Shares of TSE:EIF traded up C$1.76 during midday trading on Wednesday, hitting C$106.12. The stock had a trading volume of 159,542 shares, compared to its average volume of 176,641. The company’s 50-day moving average price is C$102.87 and its 200-day moving average price is C$92.54. The company has a market capitalization of C$5.98 billion, a P/E ratio of 34.01, a price-to-earnings-growth ratio of 1.42 and a beta of 0.98. The company has a quick ratio of 1.13, a current ratio of 1.71 and a debt-to-equity ratio of 149.91. Exchange Income has a fifty-two week low of C$55.98 and a fifty-two week high of C$111.00.

Exchange Income (TSE:EIF) last issued its earnings results on Monday, May 11th. The company reported C$0.61 EPS for the quarter. The company had revenue of C$866.58 million during the quarter. Exchange Income had a net margin of 5.11% and a return on equity of 10.61%. As a group, equities research analysts predict that Exchange Income will post 3.9962963 EPS for the current fiscal year.

Insider Transactions at Exchange Income

In other Exchange Income news, Director Duncan Draper Jessiman sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of C$101.80, for a total value of C$305,400.00. Following the completion of the transaction, the director directly owned 6,080 shares in the company, valued at approximately C$618,944. This represents a 33.04% decrease in their position. Company 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.