Royal Bank Of Canada Raises Exchange Income (TSE:EIF) Price Target to C$156.00

Exchange Income (TSE:EIF) had its target price lifted by Royal Bank Of Canada from C$150.00 to C$156.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 14.98% from the stock’s previous close.

Other research analysts have also issued reports about the stock. National Bank Financial boosted their price objective on shares of Exchange Income from C$144.00 to C$145.00 and gave the stock an “outperform” rating in a research note on Thursday. ATB Cormark Capital Markets lifted their price target on Exchange Income from C$125.00 to C$146.00 and gave the stock an “outperform” rating in a report on Wednesday, July 15th. TD boosted their price target on Exchange Income from C$142.00 to C$151.00 and gave the stock a “buy” rating in a research report on Thursday. Paradigm Capital upped their price objective on Exchange Income from C$120.00 to C$122.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Finally, Raymond James Financial upped their price objective on Exchange Income from C$130.00 to C$142.00 and gave the company a “buy” rating in a research note on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating and twelve have given a Buy rating to the stock. Based on data from MarketBeat.com, Exchange Income presently has an average rating of “Buy” and an average price target of C$145.92.

Exchange Income Stock Up 0.2%

Shares of TSE:EIF traded up C$0.24 during midday trading on Thursday, hitting C$135.67. The stock had a trading volume of 101,343 shares, compared to its average volume of 174,114. The company has a market cap of C$7.64 billion, a P/E ratio of 39.10, a PEG ratio of 1.42 and a beta of 1.03. Exchange Income has a 12 month low of C$69.67 and a 12 month high of C$136.75. The business’s 50-day simple moving average is C$128.73 and its 200-day simple moving average is C$112.60. The company has a quick ratio of 1.12, a current ratio of 1.64 and a debt-to-equity ratio of 141.03.

Exchange Income (TSE:EIF) last posted its quarterly earnings results on Tuesday, August 11th. The company reported C$1.13 earnings per share (EPS) for the quarter. The firm had revenue of C$952.16 million for the quarter. Exchange Income had a net margin of 5.41% and a return on equity of 11.35%. On average, sell-side analysts forecast that Exchange Income will post 3.9962963 earnings per share for the current fiscal year.

Insider Buying and Selling at Exchange Income

In other news, Director Duncan Draper Jessiman sold 1,000 shares of the stock in a transaction dated Monday, June 29th. The shares were sold at an average price of C$130.64, for a total value of C$130,640.00. Following the transaction, the director directly owned 5,080 shares of the company’s stock, valued at C$663,651.20. This represents a 16.45% decrease in their ownership of the stock. 6.44% of the stock is owned by insiders.

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.