National Bank Financial Issues Positive Forecast for Exchange Income (TSE:EIF) Stock Price

Exchange Income (TSE:EIF) had its price target lifted by analysts at National Bank Financial from C$144.00 to C$145.00 in a report released on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price objective would suggest a potential upside of 6.88% from the stock’s previous close.

A number of other research firms have also issued reports on EIF. Desjardins boosted their price target on shares of Exchange Income from C$135.00 to C$145.00 and gave the company a “buy” rating in a report on Wednesday. Raymond James Financial upped their price target on shares of Exchange Income from C$130.00 to C$142.00 and gave the stock a “buy” rating in a research note on Thursday, June 4th. TD increased their price objective on Exchange Income from C$142.00 to C$151.00 and gave the stock a “buy” rating in a report on Thursday. ATB Cormark Capital Markets raised their price objective on 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. Finally, Canadian Imperial Bank of Commerce lifted their price objective on Exchange Income from C$141.00 to C$151.00 in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating and twelve have given a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$145.92.

Exchange Income Stock Performance

EIF stock traded up C$0.24 on Thursday, reaching C$135.67. The company’s stock had a trading volume of 101,343 shares, compared to its average volume of 174,114. The firm has a fifty day moving average of C$128.73 and a two-hundred day moving average of C$112.60. The company has a debt-to-equity ratio of 141.03, a current ratio of 1.64 and a quick ratio of 1.12. The company has a market capitalization of C$7.64 billion, a P/E ratio of 39.10, a price-to-earnings-growth ratio of 1.42 and a beta of 1.03. Exchange Income has a 52 week low of C$69.67 and a 52 week high of C$136.75.

Exchange Income (TSE:EIF) last issued its quarterly earnings results on Tuesday, August 11th. The company reported C$1.13 earnings per share for the quarter. Exchange Income had a net margin of 5.41% and a return on equity of 11.35%. The company had revenue of C$952.16 million during the quarter. As a group, analysts predict that Exchange Income will post 3.9962963 EPS for the current fiscal year.

Insider Buying and Selling

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