Exchange Income Co. (TSE:EIF) Receives C$115.04 Average Target Price from Analysts

Exchange Income Co. (TSE:EIF) has been given an average rating of “Buy” by the thirteen research firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$115.04.

A number of equities analysts have commented on EIF shares. TD Securities lifted their price objective on shares of Exchange Income from C$102.00 to C$125.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Canaccord Genuity Group upped their target price on shares of Exchange Income from C$109.00 to C$116.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. National Bank Financial increased their price target on shares of Exchange Income from C$110.00 to C$125.00 and gave the company an “outperform” rating in a report on Thursday, February 26th. Royal Bank Of Canada lifted their price target on Exchange Income from C$103.00 to C$133.00 and gave the stock an “outperform” rating in a research report on Thursday, February 26th. Finally, Canadian Imperial Bank of Commerce boosted their price objective on Exchange Income from C$106.00 to C$120.00 and gave the stock an “outperform” rating in a research note on Thursday, February 26th.

Insider Activity at Exchange Income

In other news, Director Duncan Draper Jessiman sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of C$101.80, for a total transaction of C$305,400.00. Following the transaction, the director owned 6,080 shares of the company’s stock, valued at approximately C$618,944. The trade was a 33.04% decrease in their position. Company insiders own 6.44% of the company’s stock.

Exchange Income Price Performance

Shares of EIF opened at C$105.17 on Wednesday. The firm has a fifty day simple moving average of C$101.17 and a two-hundred day simple moving average of C$87.30. The firm has a market cap of C$5.90 billion, a PE ratio of 33.71, a P/E/G ratio of 1.42 and a beta of 0.93. The company has a current ratio of 1.71, a quick ratio of 1.13 and a debt-to-equity ratio of 149.91. Exchange Income has a 1-year low of C$45.00 and a 1-year high of C$111.00.

Exchange Income (TSE:EIF) last released its quarterly earnings results on Tuesday, February 24th. The company reported C$1.06 earnings per share (EPS) for the quarter. The firm had revenue of C$929.55 million for the quarter. Exchange Income had a return on equity of 10.61% and a net margin of 5.11%. On average, equities analysts anticipate that Exchange Income will post 3.9962963 EPS for the current year.

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.