Exchange Income Co. (TSE:EIF) Receives C$145.92 Average Price Target from Brokerages

Exchange Income Co. (TSE:EIF) has been given an average recommendation of “Buy” by the thirteen ratings firms that are currently covering the stock, MarketBeat.com reports. Twelve research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$145.92.

A number of equities analysts recently commented on the company. Raymond James Financial upped their target price on Exchange Income from C$142.00 to C$150.00 and gave the company a “strong-buy” rating in a report on Thursday, August 13th. ATB Cormark Capital Markets boosted their price objective on shares of Exchange Income from C$146.00 to C$165.00 and gave the company an “outperform” rating in a research report on Thursday, August 13th. TD upped their price objective 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, August 13th. Paradigm Capital raised their target price on shares of Exchange Income from C$120.00 to C$122.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Finally, Scotiabank lifted their target price on shares of Exchange Income from C$140.00 to C$150.00 and gave the company a “sector outperform” rating in a research note on Thursday, August 13th.

Insiders Place Their Bets

In other news, Director Michael Pyle bought 1,000 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The stock was purchased at an average price of C$116.93 per share, with a total value of C$116,930.00. Following the transaction, the director owned 20,337 shares of the company’s stock, valued at approximately C$2,378,005.41. The trade was a 5.17% increase in their ownership of the stock. Also, Director Donald Streuber sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of C$130.44, for a total value of C$652,200.00. Following the completion of the transaction, the director owned 279,299 shares of the company’s stock, valued at approximately C$36,431,761.56. The trade was a 1.76% decrease in their position. Insiders purchased 1,230 shares of company stock worth $144,931 over the last three months. Company insiders own 6.44% of the company’s stock.

Exchange Income Stock Performance

Exchange Income stock opened at C$120.46 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.12 and a debt-to-equity ratio of 141.68. The firm has a market cap of C$6.79 billion, a P/E ratio of 32.64, a P/E/G ratio of 1.42 and a beta of 1.03. Exchange Income has a 1-year low of C$69.67 and a 1-year high of C$136.75. The firm has a 50-day moving average of C$127.66 and a 200-day moving average of C$115.73.

Exchange Income (TSE:EIF) last announced its quarterly earnings results on Tuesday, August 11th. The company reported C$1.13 earnings per share (EPS) for the quarter. The company had revenue of C$952.16 million for the quarter. Exchange Income had a return on equity of 11.69% and a net margin of 5.53%. Sell-side analysts expect that Exchange Income will post 3.9962963 EPS for the current year.

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.