Exchange Income (TSE:EIF) Stock Price Expected to Rise, Scotiabank Analyst Says

Exchange Income (TSE:EIF) had its target price hoisted by stock analysts at Scotiabank from C$129.00 to C$145.00 in a research report issued on Thursday,BayStreet.CA reports. Scotiabank’s price target would indicate a potential upside of 13.65% from the stock’s previous close.

EIF has been the topic of several other research reports. Canadian Imperial Bank of Commerce increased their target price on Exchange Income from C$123.00 to C$141.00 and gave the stock an “outperformer” rating in a research note on Wednesday, June 10th. Paradigm Capital lifted their price objective on shares of Exchange Income from C$120.00 to C$122.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. National Bank Financial increased their target price on shares of Exchange Income from C$125.00 to C$144.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. Canaccord Genuity Group raised their price target on shares of Exchange Income from C$116.00 to C$129.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Finally, ATB Cormark Capital Markets boosted their price target on shares of Exchange Income from C$125.00 to C$146.00 and gave the stock an “outperform” rating in a research note on Wednesday. Fourteen equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Exchange Income currently has an average rating of “Buy” and a consensus target price of C$131.39.

Exchange Income Trading Down 2.2%

Shares of EIF stock traded down C$2.89 during trading hours on Thursday, hitting C$127.58. The company had a trading volume of 53,755 shares, compared to its average volume of 177,402. 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 stock has a market capitalization of C$7.19 billion, a PE ratio of 36.77, a price-to-earnings-growth ratio of 1.42 and a beta of 1.03. The company’s fifty day moving average is C$122.12 and its 200 day moving average is C$106.98. Exchange Income has a fifty-two week low of C$64.95 and a fifty-two week high of C$136.48.

Exchange Income (TSE:EIF) last posted its earnings results on Monday, May 11th. The company reported C$0.61 earnings per share for the quarter. Exchange Income had a net margin of 5.41% and a return on equity of 11.35%. The firm had revenue of C$866.58 million during the quarter. Research analysts expect that Exchange Income will post 3.9962963 earnings per share for the current fiscal year.

Insider Buying and Selling at Exchange Income

In other news, Director Duncan Draper Jessiman sold 1,000 shares of Exchange Income 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 directly owned 5,080 shares of the company’s stock, valued at approximately C$663,651.20. The trade was a 16.45% decrease in their position. Insiders own 6.44% of the company’s stock.

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.