Exchange Income Co. (TSE:EIF) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Exchange Income Co. (TSE:EIF) have been assigned an average recommendation of “Buy” from the thirteen research firms that are presently covering the firm, MarketBeat reports. Twelve analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$145.92.

Several analysts have recently commented on the stock. Raymond James Financial increased their price target on shares of Exchange Income from C$142.00 to C$150.00 and gave the company a “strong-buy” rating in a research report on Thursday, August 13th. Desjardins upped their target price on Exchange Income from C$135.00 to C$145.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. National Bank Financial increased their target price on Exchange Income from C$144.00 to C$145.00 and gave the company an “outperform” rating in a report on Thursday, August 13th. Royal Bank Of Canada increased their target price on Exchange Income from C$150.00 to C$156.00 and gave the company an “outperform” rating in a report on Thursday, August 13th. Finally, BMO Capital Markets raised their price target on Exchange Income from C$140.00 to C$152.00 in a research report on Thursday, August 13th.

Exchange Income Price Performance

Exchange Income stock opened at C$123.80 on Wednesday. Exchange Income has a 52 week low of C$72.10 and a 52 week high of C$136.75. The company has a quick ratio of 1.12, a current ratio of 1.63 and a debt-to-equity ratio of 141.68. The firm’s 50-day simple moving average is C$124.11 and its 200 day simple moving average is C$117.54. The firm has a market capitalization of C$6.98 billion, a PE ratio of 33.55, a P/E/G ratio of 1.42 and a beta of 0.94.

Exchange Income (TSE:EIF) last issued its quarterly earnings data on Tuesday, August 11th. The company reported C$1.13 EPS for the quarter. Exchange Income had a net margin of 5.53% and a return on equity of 11.69%. The firm had revenue of C$952.16 million for the quarter. On average, equities research analysts predict that Exchange Income will post 3.9962963 EPS for the current fiscal year.

Insiders Place Their Bets

In other Exchange Income news, Director Donald Streuber sold 3,500 shares of the company’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of C$120.47, for a total value of C$421,645.00. Following the transaction, the director directly owned 27,368 shares in the company, valued at approximately C$3,297,022.96. This represents a 11.34% decrease in their position. Also, Director Michael Pyle bought 1,000 shares of Exchange Income stock in a transaction on Thursday, September 3rd. The stock was purchased at an average price of C$116.93 per share, for a total transaction of C$116,930.00. Following the completion of the acquisition, the director owned 20,337 shares in the company, valued at C$2,378,005.41. This represents a 5.17% increase in their position. In the last ninety days, insiders have purchased 1,534 shares of company stock worth $181,356. Corporate 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.