Exchange Income (TSE:EIF) Price Target Lowered to C$127.00 at Royal Bank Of Canada

Exchange Income (TSE:EIF) had its target price decreased by equities research analysts at Royal Bank Of Canada from C$133.00 to C$127.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price points to a potential upside of 19.68% from the company’s current price.

Several other research firms also recently weighed in on EIF. Paradigm Capital lifted their target price on shares of Exchange Income from C$120.00 to C$122.00 and gave the stock a “buy” rating in a research note on Wednesday. Raymond James Financial lifted their target price on shares of Exchange Income from C$110.00 to C$125.00 and gave the stock a “strong-buy” rating in a research note on Thursday, February 26th. Canadian Imperial Bank of Commerce boosted their price objective on shares of Exchange Income from C$120.00 to C$123.00 and gave the company an “outperformer” rating in a research note on Wednesday. Ventum Financial boosted their price objective 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. Finally, National Bank Financial boosted their price objective on shares of Exchange Income from C$110.00 to C$125.00 and gave the company an “outperform” rating in a research note on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating and twelve have issued a Buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$122.19.

Exchange Income Stock Performance

EIF stock traded up C$1.76 during mid-day trading on Wednesday, hitting C$106.12. The company had a trading volume of 159,542 shares, compared to its average volume of 176,641. The firm has a market cap of C$5.98 billion, a PE ratio of 34.01, a price-to-earnings-growth ratio of 1.42 and a beta of 0.98. The company has a debt-to-equity ratio of 149.91, a quick ratio of 1.13 and a current ratio of 1.71. Exchange Income has a 12 month low of C$55.98 and a 12 month high of C$111.00. The stock’s fifty day moving average price is C$102.87 and its two-hundred day moving average price is C$92.54.

Exchange Income (TSE:EIF) last posted its earnings results on Monday, May 11th. The company reported C$0.61 earnings per share for the quarter. The firm had revenue of C$866.58 million during the quarter. Exchange Income had a net margin of 5.11% and a return on equity of 10.61%. On average, analysts forecast that Exchange Income will post 3.9962963 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Exchange Income news, Director Duncan Draper Jessiman sold 3,000 shares of the company’s stock in a transaction on 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 completion of the transaction, the director directly owned 6,080 shares in the company, valued at approximately C$618,944. This represents a 33.04% decrease in their position. 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.