Exchange Income (TSE:EIF) Price Target Raised to C$122.00

Exchange Income (TSE:EIF) had its price target upped by Paradigm Capital from C$120.00 to C$122.00 in a research report report published on Wednesday,BayStreet.CA reports. Paradigm Capital currently has a buy rating on the stock.

A number of other research analysts have also recently commented on the company. Raymond James Financial upped their target price on Exchange Income from C$110.00 to C$125.00 and gave the company a “strong-buy” rating in a research note on Thursday, February 26th. Canadian Imperial Bank of Commerce boosted their price objective on shares of Exchange Income from C$106.00 to C$120.00 and gave the company an “outperform” rating in a research report on Thursday, February 26th. Canaccord Genuity Group raised their target price 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. Ventum Financial lifted their price target on shares of Exchange Income from C$110.00 to C$135.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Finally, BMO Capital Markets boosted their price target on Exchange Income from C$100.00 to C$111.00 and gave the company a “market perform” rating in a report on Thursday, April 16th. 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, the stock has an average rating of “Buy” and a consensus target price of C$122.19.

Exchange Income Stock Down 0.4%

Shares of EIF stock opened at C$106.74 on Wednesday. The company has a debt-to-equity ratio of 141.03, a current ratio of 1.64 and a quick ratio of 1.13. Exchange Income has a one year low of C$55.98 and a one year high of C$111.00. The company’s fifty day moving average price is C$103.02 and its 200-day moving average price is C$93.04. The company has a market capitalization of C$6.01 billion, a price-to-earnings ratio of 30.76, a PEG ratio of 1.42 and a beta of 0.98.

Exchange Income (TSE:EIF) last released its earnings results on Monday, May 11th. The company reported C$0.61 earnings per share (EPS) for the quarter. The firm had revenue of C$866.58 million during the quarter. Exchange Income had a return on equity of 11.35% and a net margin of 5.41%. Sell-side analysts expect 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 3,000 shares of the company’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of C$101.80, for a total value of C$305,400.00. Following the sale, the director owned 6,080 shares in the company, valued at C$618,944. This represents a 33.04% decrease in their ownership of the stock. 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.