Exchange Income (TSE:EIF) Reaches New 52-Week High on Analyst Upgrade

Exchange Income Co. (TSE:EIF) hit a new 52-week high during mid-day trading on Thursday after Canadian Imperial Bank of Commerce raised their price target on the stock from C$123.00 to C$141.00. Canadian Imperial Bank of Commerce currently has an outperformer rating on the stock. Exchange Income traded as high as C$125.17 and last traded at C$125.05, with a volume of 50030 shares changing hands. The stock had previously closed at C$122.75.

Several other equities analysts also recently commented on EIF. TD upped their price target on shares of Exchange Income from C$125.00 to C$142.00 and gave the company a “buy” rating in a report on Monday. BMO Capital Markets upgraded shares of Exchange Income from a “market perform” rating to an “outperform” rating and upped their price target for the company from C$111.00 to C$120.00 in a report on Wednesday, May 13th. TD Securities upped their price target on shares of Exchange Income from C$102.00 to C$125.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Royal Bank Of Canada cut their price target on shares of Exchange Income from C$133.00 to C$127.00 and set an “outperform” rating on the stock in a report on Wednesday, May 13th. Finally, Canaccord Genuity Group upped 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 note on Wednesday, May 13th. Fourteen equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$125.75.

Insider Buying and Selling

In related news, Director Duncan Draper Jessiman sold 3,000 shares of the stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of C$101.80, for a total transaction of C$305,400.00. Following the completion of the sale, the director owned 6,080 shares of the company’s stock, valued at C$618,944. This represents a 33.04% decrease in their ownership of the stock. 6.44% of the stock is owned by insiders.

Exchange Income Trading Up 1.9%

The stock’s fifty day simple moving average is C$108.66 and its 200-day simple moving average is C$98.29. The firm has a market cap of C$7.04 billion, a PE ratio of 36.03, a PEG ratio of 1.42 and a beta of 1.01. 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 (TSE:EIF) last released 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%. On average, sell-side analysts forecast that Exchange Income Co. will post 3.9962963 earnings per share for the current year.

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.