Exchange Income (TSE:EIF) Price Target Raised to C$130.00

Exchange Income (TSE:EIF) had its price objective lifted by Raymond James Financial from C$125.00 to C$130.00 in a report released on Wednesday morning,BayStreet.CA reports. They currently have a strong-buy rating on the stock.

Several other analysts also recently weighed in on EIF. Royal Bank Of Canada reduced their price objective on shares of Exchange Income from C$133.00 to C$127.00 and set an “outperform” rating for the company in a research report on Wednesday. TD Securities boosted 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. Canadian Imperial Bank of Commerce boosted their price objective on shares of Exchange Income from C$120.00 to C$123.00 and gave the stock an “outperformer” rating in a research report on Wednesday. Canaccord Genuity Group boosted 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. Finally, Paradigm Capital boosted 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 investment analyst has rated the stock with a Strong Buy rating and twelve have given a Buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$122.19.

Exchange Income Stock Down 0.4%

Shares of TSE:EIF opened at C$106.74 on Wednesday. The company has a market capitalization of C$6.01 billion, a PE ratio of 30.76, a P/E/G ratio of 1.42 and a beta of 0.98. The company has a current ratio of 1.64, a quick ratio of 1.13 and a debt-to-equity ratio of 141.03. Exchange Income has a twelve month low of C$55.98 and a twelve month high of C$111.00. The firm has a 50 day simple moving average of C$103.02 and a 200-day simple moving average of C$93.04.

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 business had revenue of C$866.58 million during the quarter. Exchange Income had a net margin of 5.41% and a return on equity of 11.35%. On average, equities analysts predict that Exchange Income will post 3.9962963 EPS for the current fiscal year.

Insider Buying and Selling

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