Exchange Income (TSE:EIF) PT Set at C$150.00 by Ventum Capital

Exchange Income (TSE:EIF) has been given a C$150.00 price target by investment analysts at Ventum Capital in a report released on Tuesday, BayStreet reports. The brokerage presently has a “buy” rating on the stock. Ventum Capital‘s price target would indicate a potential upside of 27.68% from the stock’s previous close.

EIF has been the topic of several other reports. Desjardins upped their price objective 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. Canadian Imperial Bank of Commerce raised their target price on Exchange Income from C$141.00 to C$151.00 in a research report on Thursday, August 13th. Canaccord Genuity Group boosted their price target on Exchange Income from C$129.00 to C$150.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. National Bank Financial set a C$145.00 price target on Exchange Income and gave the company an “outperform” rating in a research report on Thursday, October 8th. Finally, Raymond James Financial increased their price objective on Exchange Income from C$142.00 to C$150.00 and gave the stock a “strong-buy” rating in a research note on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$146.21.

Exchange Income Stock Performance

EIF stock traded up C$3.14 during mid-day trading on Tuesday, reaching C$117.48. 64,140 shares of the stock traded hands, compared to its average volume of 162,325. The firm has a market capitalization of C$6.62 billion, a PE ratio of 31.84, a P/E/G ratio of 1.42 and a beta of 0.83. The business has a 50-day moving average of C$118.10 and a two-hundred day moving average of C$113.93. Exchange Income has a 52 week low of C$73.81 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.

Exchange Income (TSE:EIF) last released its earnings results on Tuesday, August 11th. The company reported C$1.13 earnings per share for the quarter. The business had revenue of C$952.16 million during the quarter. Exchange Income had a net margin of 5.53% and a return on equity of 11.69%. As a group, equities analysts predict that Exchange Income will post 4.00 EPS for the current fiscal year.

Insider Buying and Selling at Exchange Income

In other news, Director Donald Streuber sold 3,500 shares of the business’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of C$120.47, for a total transaction of C$421,645.00. Following the completion of the sale, the director owned 27,368 shares in the company, valued at C$3,297,022.96. The trade was a 11.34% decrease in their ownership of the stock. Also, Director Michael Pyle acquired 1,000 shares of the company’s stock in a transaction on Thursday, September 3rd. The shares were purchased at an average cost of C$116.93 per share, with a total value of C$116,930.00. Following the completion of the acquisition, the director directly owned 20,337 shares in the company, valued at approximately C$2,378,005.41. The trade was a 5.17% increase in their position. Insiders bought a total of 1,534 shares of company stock valued at $181,356 over the last three months. 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.