Exchange Income (TSE:EIF) Price Target Lowered to C$127.00 at Royal Bank Of Canada

Exchange Income (TSE:EIF) had its price objective dropped by investment analysts at Royal Bank Of Canada from C$133.00 to C$127.00 in a report released on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 19.68% from the company’s current price.

A number of other brokerages also recently issued reports on EIF. ATB Cormark Capital Markets raised their price target on shares of Exchange Income from C$120.00 to C$125.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Canaccord Genuity Group raised 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. Canadian Imperial Bank of Commerce raised their target price on shares of Exchange Income from C$120.00 to C$123.00 and gave the stock an “outperformer” rating in a research note on Wednesday. Paradigm Capital increased their price objective on shares of Exchange Income from C$120.00 to C$122.00 and gave the company a “buy” rating in a report on Wednesday. Finally, BMO Capital Markets increased their price objective on shares of Exchange Income from C$100.00 to C$111.00 and gave the company a “market perform” rating in a report on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating and twelve have issued a Buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average price target of C$122.19.

Exchange Income Trading Up 1.7%

TSE EIF traded up C$1.76 during trading on Wednesday, hitting C$106.12. The company had a trading volume of 159,542 shares, compared to its average volume of 176,641. The company’s fifty day moving average is C$102.87 and its 200-day moving average is C$92.54. The company has a market cap of C$5.98 billion, a price-to-earnings ratio of 34.01, a price-to-earnings-growth ratio of 1.42 and a beta of 0.98. The company has a current ratio of 1.71, a quick ratio of 1.13 and a debt-to-equity ratio of 149.91. Exchange Income has a one year low of C$55.98 and a one year high of C$111.00.

Exchange Income (TSE:EIF) last released its earnings results 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 5.11% and a return on equity of 10.61%. On average, sell-side analysts predict that Exchange Income will post 3.9962963 earnings per share for the current year.

Insider Buying and Selling

In other Exchange Income news, Director Duncan Draper Jessiman sold 3,000 shares of Exchange Income stock in a transaction 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 transaction, the director directly owned 6,080 shares of the company’s stock, valued at C$618,944. The trade was a 33.04% 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.