Exchange Income (TSE:EIF) Price Target Raised to C$116.00

Exchange Income (TSE:EIF) had its price target raised by Desjardins from C$114.00 to C$116.00 in a report published on Wednesday,BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

EIF has been the topic of a number of other research reports. Royal Bank Of Canada lifted their price target on shares of Exchange Income from C$103.00 to C$133.00 and gave the company an “outperform” rating in a report on Thursday, February 26th. Raymond James Financial lifted their price target on shares of Exchange Income from C$110.00 to C$125.00 and gave the company a “strong-buy” rating in a report on Thursday, February 26th. ATB Cormark Capital Markets lifted 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. Scotiabank lifted their price target on shares of Exchange Income from C$121.00 to C$129.00 and gave the company an “outperform” rating in a report on Monday, March 9th. Finally, Canadian Imperial Bank of Commerce lifted their price target on shares of Exchange Income from C$106.00 to C$120.00 and gave the company an “outperform” rating in a report on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$116.96.

Exchange Income Stock Up 0.2%

Shares of EIF opened at C$102.89 on Wednesday. The firm has a market cap of C$5.80 billion, a PE ratio of 32.98, a price-to-earnings-growth ratio of 1.42 and a beta of 0.92. The company’s fifty day moving average is C$103.07 and its two-hundred day moving average is C$90.59. Exchange Income has a fifty-two week low of C$49.51 and a fifty-two week high of C$111.00. The company has a quick ratio of 1.13, a current ratio of 1.71 and a debt-to-equity ratio of 149.91.

Exchange Income (TSE:EIF) last announced its quarterly earnings results on Tuesday, February 24th. The company reported C$1.06 earnings per share for the quarter. The company had revenue of C$929.55 million for the quarter. Exchange Income had a net margin of 5.11% and a return on equity of 10.61%. Analysts forecast that Exchange Income will post 3.9962963 earnings per share for the current year.

Insider Transactions at Exchange Income

In related 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 sale, the director owned 6,080 shares of the company’s stock, valued at C$618,944. The trade was a 33.04% decrease in their position. 6.44% of the stock is owned by company 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.