Exchange Income Co. (TSE:EIF) Receives C$136.62 Average Price Target from Brokerages

Shares of Exchange Income Co. (TSE:EIF) have been given an average rating of “Buy” by the thirteen brokerages that are presently covering the company, Marketbeat reports. Thirteen equities research analysts have rated the stock with a buy rating. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$136.62.

Several equities research analysts have recently weighed in on the company. BMO Capital Markets upgraded Exchange Income from a “market perform” rating to an “outperform” rating and upped their price target for the company from C$111.00 to C$120.00 in a research report on Wednesday, May 13th. National Bank Financial raised their price objective on shares of Exchange Income from C$125.00 to C$144.00 and gave the company an “outperform” rating in a research report on Thursday, July 9th. ATB Cormark Capital Markets boosted their price objective on shares of Exchange Income from C$125.00 to C$146.00 and gave the company an “outperform” rating in a research note on Wednesday, July 15th. Raymond James Financial upped their target price on shares of Exchange Income from C$130.00 to C$142.00 and gave the stock a “buy” rating in a report on Thursday, June 4th. Finally, Paradigm Capital increased 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 note on Wednesday, May 13th.

Exchange Income Price Performance

Shares of TSE EIF opened at C$127.56 on Tuesday. The stock has a market cap of C$7.18 billion, a PE ratio of 36.76, a price-to-earnings-growth ratio of 1.42 and a beta of 1.03. Exchange Income has a fifty-two week low of C$67.29 and a fifty-two week high of C$136.48. The company has a debt-to-equity ratio of 141.03, a quick ratio of 1.12 and a current ratio of 1.64. The stock has a fifty day moving average of C$128.30 and a 200-day moving average of C$111.75.

Exchange Income (TSE:EIF) last issued its quarterly earnings data on Monday, May 11th. The company reported C$0.61 earnings per share (EPS) for the quarter. Exchange Income had a return on equity of 11.35% and a net margin of 5.41%.The business had revenue of C$866.58 million for the quarter. Equities research analysts anticipate that Exchange Income will post 3.9962963 earnings per share for the current year.

Insider Activity

In related news, Director Duncan Draper Jessiman sold 1,000 shares of Exchange Income stock in a transaction on Monday, June 29th. The stock was 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 owned 5,080 shares of the company’s stock, valued at approximately C$663,651.20. This trade represents a 16.45% decrease in their ownership of the stock. 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.