Exchange Income Co. (TSE:EIF) Stock Now Rated “Buy” by Sell-Side Analysts

Shares of Exchange Income Co. (TSE:EIF) have been assigned a consensus recommendation of “Buy” from the thirteen analysts that are presently covering the firm, Marketbeat.com reports. Twelve investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$145.92.

A number of analysts recently commented on the company. ATB Cormark Capital Markets boosted their target price on Exchange Income from C$146.00 to C$165.00 and gave the company an “outperform” rating in a research report on Thursday, August 13th. National Bank Financial set a C$145.00 price objective on shares of Exchange Income and gave the company an “outperform” rating in a report on Thursday, October 8th. Scotiabank lifted their price target on Exchange Income from C$140.00 to C$150.00 and gave the company a “sector outperform” rating in a research note on Thursday, August 13th. TD raised their target price on Exchange Income from C$142.00 to C$151.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Finally, Canadian Imperial Bank of Commerce upped their target price on shares of Exchange Income from C$141.00 to C$151.00 in a research note on Thursday, August 13th.

Insider Activity

In other news, Director Donald Streuber sold 5,000 shares of the company’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of C$130.44, for a total transaction of C$652,200.00. Following the transaction, the director owned 279,299 shares of the company’s stock, valued at C$36,431,761.56. This represents a 1.76% decrease in their position. Also, Director Michael Pyle acquired 1,000 shares of the company’s stock in a transaction on Thursday, September 3rd. The shares were acquired at an average cost of C$116.93 per share, for a total transaction of C$116,930.00. Following the completion of the acquisition, the director owned 20,337 shares of the company’s stock, valued at approximately C$2,378,005.41. The trade was a 5.17% increase in their ownership of the stock. In the last 90 days, insiders have purchased 1,534 shares of company stock valued at $181,356. 6.44% of the stock is owned by company insiders.

Exchange Income Price Performance

EIF stock opened at C$112.60 on Friday. The company has a fifty day moving average price of C$119.80 and a 200-day moving average price of C$119.52. Exchange Income has a 52-week low of C$73.81 and a 52-week high of C$136.75. The company has a market capitalization of C$6.34 billion, a P/E ratio of 30.51, a PEG ratio of 1.42 and a beta of 0.83. The company has a debt-to-equity ratio of 141.68, a quick ratio of 1.12 and a current ratio of 1.63.

Exchange Income (TSE:EIF) last announced its earnings results on Tuesday, August 11th. The company reported C$1.13 earnings per share for the quarter. Exchange Income had a net margin of 5.53% and a return on equity of 11.69%. The business had revenue of C$952.16 million during the quarter. As a group, equities analysts expect that Exchange Income will post 4.00 EPS for the current year.

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.