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

Exchange Income Co. (TSE:EIF)’s stock price reached a new 52-week high on Tuesday . The company traded as high as C$124.44 and last traded at C$120.42, with a volume of 343215 shares trading hands. The stock had previously closed at C$121.47.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Canaccord Genuity Group increased their price target on Exchange Income from C$116.00 to C$129.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Raymond James Financial increased their price target on Exchange Income from C$125.00 to C$130.00 and gave the company a “strong-buy” rating in a research report on Wednesday, May 13th. Ventum Financial increased their price target on Exchange Income from C$110.00 to C$135.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Canadian Imperial Bank of Commerce increased 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. Finally, TD Securities increased 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. One equities research analyst has rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$122.19.

Exchange Income Stock Performance

The firm has a 50 day moving average of C$105.75 and a 200-day moving average of C$96.01. The stock has a market capitalization of C$6.78 billion, a PE ratio of 34.70, a P/E/G ratio of 1.42 and a beta of 0.98. The company has a debt-to-equity ratio of 141.03, a quick ratio of 1.13 and a current ratio of 1.64.

Exchange Income (TSE:EIF) last announced its quarterly earnings data 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%. Research analysts forecast that Exchange Income Co. will post 3.9962963 earnings per share for the current year.

Insider Transactions at Exchange Income

In related news, Director Duncan Draper Jessiman sold 3,000 shares of the 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 completion of the sale, the director directly owned 6,080 shares of the company’s stock, valued at approximately C$618,944. This represents a 33.04% decrease in their position. Corporate insiders own 6.44% of the company’s stock.

About Exchange Income

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.