Exchange Income (TSE:EIF) Given a C$145.00 Price Target at National Bank Financial

Exchange Income (TSE:EIF) has been assigned a C$145.00 target price by analysts at National Bank Financial in a research note issued on Thursday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 21.72% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. BMO Capital Markets boosted their price objective on shares of Exchange Income from C$140.00 to C$152.00 in a research report on Thursday, August 13th. Royal Bank Of Canada lifted their price target on Exchange Income from C$150.00 to C$156.00 and gave the company an “outperform” rating in a research note on Thursday, August 13th. Desjardins boosted their price target on Exchange Income from C$135.00 to C$145.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. Raymond James Financial upped their price objective on Exchange Income from C$142.00 to C$150.00 and gave the stock a “strong-buy” rating in a research report on Thursday, August 13th. Finally, Canadian Imperial Bank of Commerce lifted their target price on Exchange Income from C$141.00 to C$151.00 in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating and twelve have issued a Buy rating to the company’s stock. Based on data from MarketBeat, Exchange Income presently has a consensus rating of “Buy” and a consensus target price of C$145.92.

Exchange Income Stock Up 1.8%

TSE EIF traded up C$2.11 during trading hours on Thursday, reaching C$119.13. 131,374 shares of the company’s stock were exchanged, compared to its average volume of 165,025. The company has a debt-to-equity ratio of 141.68, a quick ratio of 1.12 and a current ratio of 1.63. The company has a market capitalization of C$6.72 billion, a price-to-earnings ratio of 32.28, a price-to-earnings-growth ratio of 1.42 and a beta of 0.83. The company’s 50-day moving average is C$123.13 and its two-hundred day moving average is C$118.63. Exchange Income has a one year low of C$73.81 and a one year high of C$136.75.

Exchange Income (TSE:EIF) last announced its quarterly 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 net margin of 5.53% and a return on equity of 11.69%. On average, analysts forecast that Exchange Income will post 3.9962963 EPS for the current fiscal year.

Insider Activity

In related news, Director Michael Pyle bought 1,000 shares of the stock in a transaction that occurred on Thursday, September 3rd. The shares were acquired at an average price of C$116.93 per share, with a total value of C$116,930.00. Following the completion of the transaction, the director owned 20,337 shares in the company, valued at 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 company’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of C$130.44, for a total value of C$652,200.00. Following the sale, the director owned 279,299 shares in the company, valued at C$36,431,761.56. The trade was a 1.76% decrease in their position. Insiders bought a total of 1,534 shares of company stock valued at $181,356 in the last 90 days. 6.44% of the stock is owned by corporate 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.