Analysts Set Exchange Income Co. (TSE:EIF) Price Target at C$128.75

Exchange Income Co. (TSE:EIF) has received an average recommendation of “Buy” from the fourteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Fourteen research analysts have rated the stock with a buy recommendation. The average 12 month price target among analysts that have covered the stock in the last year is C$128.75.

A number of equities analysts have commented on the stock. Canadian Imperial Bank of Commerce lifted their target price on shares of Exchange Income from C$123.00 to C$141.00 and gave the stock an “outperformer” rating in a research note on Wednesday, June 10th. Royal Bank Of Canada increased their price target on shares of Exchange Income from C$127.00 to C$150.00 and gave the company an “outperform” rating in a research note on Monday, June 29th. Desjardins upped their price objective on Exchange Income from C$116.00 to C$120.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. BMO Capital Markets upgraded Exchange Income from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from C$111.00 to C$120.00 in a research report on Wednesday, May 13th. Finally, Paradigm Capital raised their target price on Exchange Income from C$120.00 to C$122.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th.

Insider Activity at Exchange Income

In other news, Director Duncan Draper Jessiman sold 1,000 shares of the stock in a transaction on Monday, June 29th. The stock was sold at an average price of C$130.64, for a total transaction of C$130,640.00. Following the completion of the transaction, the director directly owned 5,080 shares in the company, valued at approximately C$663,651.20. This represents a 16.45% decrease in their position. 6.44% of the stock is currently owned by company insiders.

Exchange Income Stock Down 1.8%

Shares of EIF opened at C$126.18 on Friday. Exchange Income has a 52-week low of C$64.95 and a 52-week high of C$136.48. The company has a quick ratio of 1.12, a current ratio of 1.64 and a debt-to-equity ratio of 141.03. The stock has a fifty day simple moving average of C$121.63 and a two-hundred day simple moving average of C$106.65. The company has a market capitalization of C$7.11 billion, a PE ratio of 36.36, a price-to-earnings-growth ratio of 1.42 and a beta of 1.03.

Exchange Income (TSE:EIF) last announced its quarterly earnings results on Monday, May 11th. The company reported C$0.61 earnings per share for the quarter. Exchange Income had a net margin of 5.41% and a return on equity of 11.35%. The firm had revenue of C$866.58 million for the quarter. As a group, equities analysts forecast that Exchange Income will post 3.9962963 EPS for the current year.

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.