Exchange Income (TSE:EIF) Sets New 52-Week High – Here’s What Happened

Shares of Exchange Income Co. (TSE:EIF) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$110.17 and last traded at C$110.10, with a volume of 123264 shares changing hands. The stock had previously closed at C$108.74.

Analysts Set New Price Targets

EIF has been the topic of a number of analyst reports. ATB Cormark Capital Markets upped their target price on shares of Exchange Income from C$120.00 to C$125.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Royal Bank Of Canada lowered their target price on shares of Exchange Income from C$133.00 to C$127.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 13th. National Bank Financial upped their target price on shares of Exchange Income from C$110.00 to C$125.00 and gave the company an “outperform” rating in a research note on Thursday, February 26th. TD Securities upped their price target on Exchange Income from C$102.00 to C$125.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Finally, Canadian Imperial Bank of Commerce upped their price target on Exchange Income from C$120.00 to C$123.00 and gave the company an “outperformer” rating in a research report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the stock. Based on data from MarketBeat.com, Exchange Income currently has an average rating of “Buy” and a consensus target price of C$122.19.

Exchange Income Price Performance

The company has a debt-to-equity ratio of 141.03, a current ratio of 1.64 and a quick ratio of 1.13. The stock has a market capitalization of C$6.19 billion, a P/E ratio of 31.67, a PEG ratio of 1.42 and a beta of 0.98. The company’s 50 day simple moving average is C$103.38 and its two-hundred day simple moving average is C$93.79.

Exchange Income (TSE:EIF) last issued its quarterly earnings data on Monday, May 11th. The company reported C$0.61 earnings per share for the quarter. The firm had revenue of C$866.58 million for the quarter. Exchange Income had a net margin of 5.41% and a return on equity of 11.35%. As a group, equities analysts expect that Exchange Income Co. will post 3.9962963 EPS for the current fiscal year.

Insider Activity at Exchange Income

In other news, Director Duncan Draper Jessiman sold 3,000 shares of the stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of C$101.80, for a total transaction of C$305,400.00. Following the sale, the director owned 6,080 shares in the company, valued at approximately 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.