Exchange Income (TSE:EIF) Price Target Raised to C$123.00

Exchange Income (TSE:EIF) had its target price hoisted by Canadian Imperial Bank of Commerce from C$120.00 to C$123.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports. The firm currently has an outperformer rating on the stock.

Several other research analysts also recently commented on EIF. TD Securities lifted their target price on 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. BMO Capital Markets lifted their price objective on shares of Exchange Income from C$100.00 to C$111.00 and gave the stock a “market perform” rating in a research report on Thursday, April 16th. National Bank Financial upped their price objective 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. Desjardins increased their price objective on shares of Exchange Income from C$114.00 to C$116.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Finally, ATB Cormark Capital Markets raised their target price on shares of Exchange Income from C$120.00 to C$125.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating and twelve have issued a Buy rating to the company’s stock. According to MarketBeat, Exchange Income currently has a consensus rating of “Buy” and a consensus target price of C$122.19.

Exchange Income Stock Down 0.4%

TSE:EIF opened at C$106.74 on Wednesday. The stock has a 50-day simple moving average of C$103.02 and a 200 day simple moving average of C$93.04. Exchange Income has a 52-week low of C$55.98 and a 52-week high of C$111.00. The company has a market cap of C$6.01 billion, a PE ratio of 30.76, a PEG ratio of 1.42 and a beta of 0.98. The company has a debt-to-equity ratio of 141.03, a quick ratio of 1.13 and a current ratio of 1.64.

Exchange Income (TSE:EIF) last posted its quarterly earnings data on Monday, May 11th. The company reported C$0.61 EPS for the quarter. The company had revenue of C$866.58 million during the quarter. Exchange Income had a net margin of 5.41% and a return on equity of 11.35%. On average, sell-side analysts expect that Exchange Income will post 3.9962963 EPS for the current fiscal year.

Insider Buying and Selling at Exchange Income

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