Exchange Income Co. (TSE:EIF) Receives Consensus Rating of “Buy” from Brokerages

Exchange Income Co. (TSE:EIF) has been given a consensus rating of “Buy” by the thirteen brokerages that are covering the stock, MarketBeat.com reports. Twelve investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$145.92.

EIF has been the topic of several recent research reports. Canadian Imperial Bank of Commerce raised their price objective on Exchange Income from C$141.00 to C$151.00 in a report on Thursday, August 13th. Royal Bank Of Canada boosted their price objective on Exchange Income from C$150.00 to C$156.00 and gave the stock an “outperform” rating in a research report on Thursday, August 13th. National Bank Financial upped their target price on Exchange Income from C$144.00 to C$145.00 and gave the stock an “outperform” rating in a report on Thursday, August 13th. Desjardins lifted their price target on Exchange Income from C$135.00 to C$145.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Finally, Canaccord Genuity Group boosted their price target on Exchange Income from C$129.00 to C$150.00 and gave the stock a “buy” rating in a report on Thursday, August 13th.

Exchange Income Price Performance

Shares of TSE:EIF opened at C$125.30 on Wednesday. Exchange Income has a one year low of C$72.15 and a one year high of C$136.75. The company has a debt-to-equity ratio of 141.68, a current ratio of 1.63 and a quick ratio of 1.12. The company has a market cap of C$7.07 billion, a price-to-earnings ratio of 33.96, a PEG ratio of 1.42 and a beta of 0.94. The firm has a 50 day simple moving average of C$123.98 and a 200 day simple moving average of C$117.86.

Exchange Income (TSE:EIF) last posted its earnings results on Tuesday, August 11th. The company reported C$1.13 earnings per share for the quarter. The firm had revenue of C$952.16 million for the quarter. Exchange Income had a net margin of 5.53% and a return on equity of 11.69%. Research analysts predict that Exchange Income will post 3.9962963 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Donald Streuber sold 5,000 shares of Exchange Income stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of C$130.44, for a total transaction of C$652,200.00. Following the sale, the director directly owned 279,299 shares in the company, valued at C$36,431,761.56. This trade represents a 1.76% decrease in their position. Also, Director Michael Pyle bought 1,000 shares of Exchange Income 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 directly owned 20,337 shares in the company, valued at approximately C$2,378,005.41. The trade was a 5.17% increase in their ownership of the stock. In the last quarter, insiders purchased 1,534 shares of company stock valued at $181,356. 6.44% of the stock is owned by company 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.