Exchange Income (TSE:EIF) Hits New 52-Week High – Should You Buy?

Exchange Income Co. (TSE:EIF)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as C$135.78 and last traded at C$135.64, with a volume of 33457 shares changing hands. The stock had previously closed at C$132.94.

Wall Street Analyst Weigh In

EIF has been the subject of a number of recent analyst reports. TD boosted their price objective on shares of Exchange Income from C$125.00 to C$142.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Desjardins lifted their target price on Exchange Income from C$116.00 to C$120.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Canadian Imperial Bank of Commerce lifted their price objective on Exchange Income from C$123.00 to C$141.00 and gave the stock an “outperformer” rating in a report on Wednesday, June 10th. Paradigm Capital boosted their target price on Exchange Income from C$120.00 to C$122.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Finally, BMO Capital Markets upgraded shares of Exchange Income from a “market perform” rating to an “outperform” rating and upped their target price for the company from C$111.00 to C$120.00 in a research note on Wednesday, May 13th. Fourteen investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$127.39.

Exchange Income Trading Down 2.2%

The company has a current ratio of 1.64, a quick ratio of 1.12 and a debt-to-equity ratio of 141.03. The stock has a market capitalization of C$7.37 billion, a PE ratio of 37.70, a P/E/G ratio of 1.42 and a beta of 1.03. The stock has a 50 day moving average price of C$118.72 and a 200-day moving average price of C$105.03.

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 return on equity of 11.35% and a net margin of 5.41%. Sell-side analysts expect that Exchange Income Co. will post 3.9962963 earnings per share for the current year.

Insider Buying and Selling at Exchange Income

In other news, Director Duncan Draper Jessiman sold 1,000 shares of the stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of C$130.64, for a total value of C$130,640.00. Following the transaction, the director owned 5,080 shares in the company, valued at C$663,651.20. This represents a 16.45% decrease in their position. 6.44% of the stock is owned by company 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.