Exchange Income (TSE:EIF) Price Target Raised to C$120.00

Exchange Income (TSE:EIF) had its price target increased by Desjardins from C$116.00 to C$120.00 in a report published on Wednesday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other brokerages have also issued reports on EIF. Ventum Financial upped their target price on shares of Exchange Income from C$110.00 to C$135.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Raymond James Financial boosted their price objective on 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. Paradigm Capital increased their target price on Exchange Income from C$120.00 to C$122.00 and gave the stock a “buy” rating in a report on Wednesday. ATB Cormark Capital Markets lifted their target price on Exchange Income from C$120.00 to C$125.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Finally, Canadian Imperial Bank of Commerce boosted their price target on Exchange Income from C$120.00 to C$123.00 and gave the company an “outperformer” rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating and twelve have given a Buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$122.19.

Exchange Income Stock Performance

TSE EIF opened at C$106.74 on Wednesday. The business’s 50-day moving average price is C$103.02 and its 200 day moving average price is C$93.04. The company has a current ratio of 1.64, a quick ratio of 1.13 and a debt-to-equity ratio of 141.03. Exchange Income has a twelve month low of C$55.98 and a twelve month high of C$111.00. The company has a market capitalization of C$6.01 billion, a PE ratio of 30.76, a price-to-earnings-growth ratio of 1.42 and a beta of 0.98.

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 company had revenue of C$866.58 million for the quarter. On average, research analysts predict that Exchange Income will post 3.9962963 earnings per share for the current year.

Insider Activity

In other Exchange Income news, Director Duncan Draper Jessiman sold 3,000 shares of the business’s stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of C$101.80, for a total value of C$305,400.00. Following the sale, the director directly owned 6,080 shares in the company, valued at approximately C$618,944. The trade was a 33.04% decrease in their ownership of the stock. Company 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.