Exchange Income (TSE:EIF) Hits New 12-Month High – Should You Buy?

Exchange Income Co. (TSE:EIF)’s share price reached a new 52-week high on Tuesday . The stock traded as high as C$124.44 and last traded at C$120.42, with a volume of 343215 shares traded. The stock had previously closed at C$121.47.

Analyst Ratings Changes

A number of research firms recently weighed in on EIF. BMO Capital Markets raised Exchange Income from a “market perform” rating to an “outperform” rating and raised their price objective for the company from C$111.00 to C$120.00 in a research report on Wednesday, May 13th. Canaccord Genuity Group raised their price objective on Exchange Income from C$116.00 to C$129.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Scotiabank raised their price objective on Exchange Income from C$121.00 to C$129.00 and gave the company an “outperform” rating in a research report on Monday, March 9th. Paradigm Capital raised their price objective on Exchange Income from C$120.00 to C$122.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Finally, TD Securities raised their price objective on Exchange Income from C$102.00 to C$125.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating and twelve have given a Buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$122.19.

Exchange Income Trading Down 0.5%

The company has a debt-to-equity ratio of 141.03, a quick ratio of 1.13 and a current ratio of 1.64. The company has a market cap of C$6.95 billion, a P/E ratio of 35.54, a price-to-earnings-growth ratio of 1.42 and a beta of 0.98. The stock has a 50-day moving average of C$106.69 and a two-hundred day moving average of C$96.68.

Exchange Income (TSE:EIF) last posted its quarterly earnings data on Monday, May 11th. The company reported C$0.61 earnings per share for the quarter. The company had revenue of C$866.58 million during the quarter. Exchange Income had a return on equity of 11.35% and a net margin of 5.41%. On average, equities research analysts predict that Exchange Income Co. will post 3.9962963 earnings per share for the current year.

Insider Activity at Exchange Income

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