Exchange Income (TSE:EIF) Price Target Raised to C$146.00

Exchange Income (TSE:EIF) had its price target boosted by ATB Cormark Capital Markets from C$125.00 to C$146.00 in a research report released on Wednesday morning,BayStreet.CA reports. ATB Cormark Capital Markets currently has an outperform rating on the stock.

Other analysts also recently issued research reports about the company. Paradigm Capital boosted their price objective on Exchange Income from C$120.00 to C$122.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. BMO Capital Markets upgraded shares of Exchange Income from a “market perform” rating to an “outperform” rating and raised their target price for the stock from C$111.00 to C$120.00 in a report on Wednesday, May 13th. TD lifted their target price on shares of Exchange Income from C$125.00 to C$142.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. Raymond James Financial boosted their price target on shares of Exchange Income from C$130.00 to C$142.00 and gave the company a “buy” rating in a report on Thursday, June 4th. Finally, Royal Bank Of Canada upped 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 report on Monday, June 29th. Fourteen investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$131.39.

Exchange Income Stock Performance

EIF opened at C$127.70 on Wednesday. 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 firm has a market cap of C$7.19 billion, a PE ratio of 36.80, a P/E/G ratio of 1.42 and a beta of 1.03. The business has a fifty day simple moving average of C$123.15 and a 200-day simple moving average of C$107.43. Exchange Income has a fifty-two week low of C$64.95 and a fifty-two week high of C$136.48.

Exchange Income (TSE:EIF) last announced its earnings results on Monday, May 11th. The company reported C$0.61 earnings per share (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. As a group, equities analysts predict that Exchange Income will post 3.9962963 EPS for the current fiscal year.

Insiders Place Their Bets

In other Exchange Income news, Director Duncan Draper Jessiman sold 1,000 shares of Exchange Income stock in a transaction dated 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 transaction, the director owned 5,080 shares of the company’s stock, valued at C$663,651.20. The trade was a 16.45% decrease in their position. 6.44% of the stock is currently 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.