Exchange Income (TSE:EIF) Price Target Raised to C$150.00 at Canaccord Genuity Group

Exchange Income (TSE:EIF) had its target price raised by equities research analysts at Canaccord Genuity Group from C$129.00 to C$150.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 10.56% from the company’s current price.

A number of other research analysts have also recently issued reports on the stock. TD raised their price target on shares of Exchange Income from C$142.00 to C$151.00 and gave the stock a “buy” rating in a report on Thursday. Royal Bank Of Canada increased their price objective on shares of Exchange Income from C$150.00 to C$156.00 and gave the company an “outperform” rating in a report on Thursday. Raymond James Financial lifted their price target on Exchange Income from C$142.00 to C$150.00 and gave the stock a “strong-buy” rating in a research note on Thursday. Desjardins lifted their target price on shares of Exchange Income from C$135.00 to C$145.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, BMO Capital Markets upped their target price on shares of Exchange Income from C$140.00 to C$152.00 in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the company. Based on data from MarketBeat.com, Exchange Income currently has an average rating of “Buy” and an average target price of C$145.92.

Exchange Income Stock Up 0.2%

EIF stock traded up C$0.24 during trading on Thursday, hitting C$135.67. 101,343 shares of the company’s stock traded hands, compared to its average volume of 174,114. The firm has a market capitalization of C$7.64 billion, a P/E ratio of 39.10, a PEG ratio of 1.42 and a beta of 1.03. The company has a quick ratio of 1.12, a current ratio of 1.64 and a debt-to-equity ratio of 141.03. Exchange Income has a 1 year low of C$69.67 and a 1 year high of C$136.75. The business has a fifty day simple moving average of C$128.73 and a two-hundred day simple moving average of C$112.60.

Exchange Income (TSE:EIF) last issued its quarterly earnings data 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 during the quarter. Exchange Income had a return on equity of 11.35% and a net margin of 5.41%. Sell-side analysts anticipate that Exchange Income will post 3.9962963 EPS for the current year.

Insider Buying and Selling at Exchange Income

In other news, Director Duncan Draper Jessiman sold 1,000 shares of the business’s stock in a transaction dated Monday, June 29th. The shares were 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 approximately C$663,651.20. The trade was a 16.45% 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.