Exchange Income (TSE:EIF) Price Target Raised to C$145.00

Exchange Income (TSE:EIF) had its price target upped by Scotiabank from C$129.00 to C$145.00 in a report published on Thursday,BayStreet.CA reports.

Other analysts have also recently issued reports about the company. Canadian Imperial Bank of Commerce upped their price target on Exchange Income from C$123.00 to C$141.00 and gave the company an “outperformer” rating in a research note on Wednesday, June 10th. TD boosted their price objective 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, June 8th. Paradigm Capital boosted 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, May 13th. Canaccord Genuity Group upped their target price on shares of Exchange Income from C$116.00 to C$129.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Finally, ATB Cormark Capital Markets increased 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 report on Wednesday. Fourteen investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$131.39.

Exchange Income Stock Up 0.2%

Shares of Exchange Income stock opened at C$127.70 on Thursday. 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 has a 12 month low of C$64.95 and a 12 month high of C$136.48. The business has a fifty day simple moving average of C$123.15 and a 200 day simple moving average of C$107.43. The stock has a market cap of C$7.19 billion, a PE ratio of 36.80, a price-to-earnings-growth ratio of 1.42 and a beta of 1.03.

Exchange Income (TSE:EIF) last released its quarterly earnings data on Monday, May 11th. The company reported C$0.61 EPS for the quarter. Exchange Income had a return on equity of 11.35% and a net margin of 5.41%.The business had revenue of C$866.58 million during the quarter. Research analysts predict that Exchange Income will post 3.9962963 EPS for the current year.

Insider Activity at Exchange Income

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

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.