Analysts Set Exchange Income Co. (TSE:EIF) PT at C$145.92

Exchange Income Co. (TSE:EIF) has been assigned an average rating of “Buy” from the thirteen brokerages that are presently covering the stock, MarketBeat.com reports. Twelve equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$145.92.

A number of brokerages have recently issued reports on EIF. Canadian Imperial Bank of Commerce lifted their price target on Exchange Income from C$141.00 to C$151.00 in a report on Thursday, August 13th. TD upped their price objective on Exchange Income from C$142.00 to C$151.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Paradigm Capital raised their price objective on Exchange Income from C$120.00 to C$122.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Scotiabank lifted their target price on Exchange Income from C$140.00 to C$150.00 and gave the company a “sector outperform” rating in a research note on Thursday, August 13th. Finally, Canaccord Genuity Group boosted their target price on shares of Exchange Income from C$129.00 to C$150.00 and gave the stock a “buy” rating in a report on Thursday, August 13th.

Insider Transactions at Exchange Income

In other news, Director Donald Streuber sold 5,000 shares of the firm’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of C$130.44, for a total value of C$652,200.00. Following the sale, the director directly owned 279,299 shares in the company, valued at approximately C$36,431,761.56. This trade represents a 1.76% decrease in their position. Also, Director Duncan Draper Jessiman sold 1,000 shares of Exchange Income stock in a transaction that occurred 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 transaction, the director directly owned 5,080 shares in the company, valued at approximately C$663,651.20. The trade was a 16.45% decrease in their position. 6.44% of the stock is currently owned by company insiders.

Exchange Income Price Performance

TSE EIF opened at C$119.73 on Friday. The company has a debt-to-equity ratio of 141.68, a quick ratio of 1.12 and a current ratio of 1.63. The firm’s 50 day moving average price is C$128.70 and its 200-day moving average price is C$115.28. Exchange Income has a 52-week low of C$69.67 and a 52-week high of C$136.75. The company has a market cap of C$6.74 billion, a PE ratio of 32.45, a P/E/G ratio of 1.42 and a beta of 1.03.

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

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.