Exchange Income (TSE:EIF) Given New C$145.00 Price Target at Desjardins

Exchange Income (TSE:EIF) had its price target upped by investment analysts at Desjardins from C$135.00 to C$145.00 in a research report issued on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price objective indicates a potential upside of 7.94% from the company’s current price.

Several other research firms have also commented on EIF. Scotiabank lifted their price objective on shares of Exchange Income from C$129.00 to C$145.00 in a research note on Thursday, July 16th. ATB Cormark Capital Markets increased their target price on shares of Exchange Income from C$125.00 to C$146.00 and gave the company an “outperform” rating in a research note on Wednesday, July 15th. Canaccord Genuity Group raised their target price on shares of Exchange Income from C$116.00 to C$129.00 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. Finally, Royal Bank Of Canada lifted their price target on shares of Exchange Income from C$127.00 to C$150.00 and gave the stock an “outperform” rating in a research note on Monday, June 29th. Thirteen analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$137.38.

Exchange Income Trading Up 4.8%

Shares of TSE:EIF traded up C$6.15 during trading on Wednesday, hitting C$134.33. The company had a trading volume of 238,641 shares, compared to its average volume of 173,981. The stock has a market cap of C$7.57 billion, a price-to-earnings ratio of 38.71, a price-to-earnings-growth ratio of 1.42 and a beta of 1.03. Exchange Income has a one year low of C$69.67 and a one year high of C$136.48. The company has a fifty day simple moving average of C$128.49 and a two-hundred day simple moving average of C$112.34. The company has a debt-to-equity ratio of 141.03, a current ratio of 1.64 and a quick ratio of 1.12.

Exchange Income (TSE:EIF) last released 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 return on equity of 11.35% and a net margin of 5.41%. As a group, equities analysts forecast that Exchange Income will post 3.9962963 earnings per share for the current year.

Insider Transactions at Exchange Income

In related news, Director Duncan Draper Jessiman sold 1,000 shares of the business’s 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 owned 5,080 shares in the company, 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 insiders.

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.