Exchange Income Co. (TSE:EIF) Receives C$136.62 Average Price Target from Analysts

Shares of Exchange Income Co. (TSE:EIF) have been assigned a consensus rating of “Buy” from the thirteen analysts that are currently covering the firm, MarketBeat Ratings reports. Thirteen analysts have rated the stock with a buy rating. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$136.62.

A number of analysts have recently issued reports on EIF shares. Paradigm Capital lifted their price target on Exchange Income from C$120.00 to C$122.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Raymond James Financial increased 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. Canadian Imperial Bank of Commerce raised their price objective on Exchange Income from C$123.00 to C$141.00 and gave the company an “outperformer” rating in a report on Wednesday, June 10th. ATB Cormark Capital Markets lifted their target price on shares of Exchange Income from C$125.00 to C$146.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 15th. Finally, Desjardins upped their target price on shares of Exchange Income from C$120.00 to C$135.00 in a report on Wednesday, July 22nd.

Exchange Income Trading Down 1.7%

Shares of Exchange Income stock opened at C$125.42 on Tuesday. The firm has a market capitalization of C$7.06 billion, a PE ratio of 36.14, a P/E/G ratio of 1.42 and a beta of 1.03. Exchange Income has a twelve month low of C$67.53 and a twelve month high of C$136.48. The firm’s 50-day moving average price is C$128.40 and its 200 day moving average price is C$112.11. The company has a current ratio of 1.64, a quick ratio of 1.12 and a debt-to-equity ratio of 141.03.

Exchange Income (TSE:EIF) last posted its quarterly earnings data on Monday, May 11th. The company reported C$0.61 EPS for the quarter. The company 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%. On average, sell-side analysts predict that Exchange Income will post 3.9962963 EPS for the current fiscal year.

Insider Buying and Selling at Exchange Income

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