Exchange Income (TSE:EIF) Hits New 12-Month High – Here’s Why

Exchange Income Co. (TSE:EIF)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as C$113.65 and last traded at C$113.45, with a volume of 123057 shares traded. The stock had previously closed at C$111.84.

Analyst Upgrades and Downgrades

EIF has been the topic of a number of analyst reports. BMO Capital Markets upgraded shares of Exchange Income from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from C$111.00 to C$120.00 in a research report on Wednesday, May 13th. TD Securities boosted their price objective on shares of Exchange Income from C$102.00 to C$125.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Scotiabank boosted their price objective on shares of Exchange Income from C$121.00 to C$129.00 and gave the company an “outperform” rating in a research report on Monday, March 9th. Canadian Imperial Bank of Commerce boosted their price objective on shares of Exchange Income from C$120.00 to C$123.00 and gave the company an “outperformer” rating in a research report on Wednesday, May 13th. Finally, National Bank Financial boosted their price objective on shares of Exchange Income from C$110.00 to C$125.00 and gave the company an “outperform” rating in a research report on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating and twelve have given a Buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$122.19.

Exchange Income Price Performance

The business’s 50-day simple moving average is C$104.31 and its 200-day simple moving average is C$94.76. The stock has a market cap of C$6.39 billion, a PE ratio of 32.69, a PEG ratio of 1.42 and a beta of 0.98. The company has a quick ratio of 1.13, a current ratio of 1.64 and a debt-to-equity ratio of 141.03.

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

Insider Buying and Selling at Exchange Income

In other news, Director Duncan Draper Jessiman sold 3,000 shares of Exchange Income stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of C$101.80, for a total transaction of C$305,400.00. Following the sale, the director owned 6,080 shares of the company’s stock, valued at approximately C$618,944. The trade was a 33.04% decrease in their position. 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.