Exchange Income Co. (TSE:EIF) Stock Has Consensus Price Target of C$145.92

Exchange Income Co. (TSE:EIF) has been given a consensus recommendation of “Buy” by the thirteen analysts that are presently covering the firm, MarketBeat Ratings reports. Twelve equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$145.92.

Several equities research analysts recently weighed in on EIF shares. Scotiabank increased their target price on Exchange Income from C$140.00 to C$150.00 and gave the company a “sector outperform” rating in a report on Thursday, August 13th. Canaccord Genuity Group upped 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 research report on Thursday, August 13th. Canadian Imperial Bank of Commerce upped their price target on Exchange Income from C$141.00 to C$151.00 in a research note on Thursday, August 13th. ATB Cormark Capital Markets boosted their target price on Exchange Income from C$146.00 to C$165.00 and gave the stock an “outperform” rating in a report on Thursday, August 13th. Finally, Desjardins boosted their target price on Exchange Income from C$135.00 to C$145.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th.

Insider Activity

In other Exchange Income news, Director Donald Streuber sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, September 9th. The shares were 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 directly owned 27,368 shares in the company, valued at approximately C$3,297,022.96. This trade represents a 11.34% decrease in their position. Also, Director Michael Pyle purchased 1,000 shares of Exchange Income stock in a transaction that occurred 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 transaction, the director directly owned 20,337 shares of the company’s stock, valued at C$2,378,005.41. This represents a 5.17% increase in their ownership of the stock. Insiders have purchased a total of 1,534 shares of company stock worth $181,356 over the last three months. 6.44% of the stock is currently owned by insiders.

Exchange Income Price Performance

Shares of TSE:EIF opened at C$113.03 on Friday. The company has a 50 day moving average of C$121.00 and a 200 day moving average of C$119.43. The company has a current ratio of 1.63, a quick ratio of 1.12 and a debt-to-equity ratio of 141.68. The stock has a market cap of C$6.37 billion, a P/E ratio of 30.63, a P/E/G ratio of 1.42 and a beta of 0.83. Exchange Income has a 12 month low of C$73.81 and a 12 month high of C$136.75.

Exchange Income (TSE:EIF) last posted its earnings results on Tuesday, August 11th. The company reported C$1.13 earnings per share (EPS) for the quarter. The business 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%. As a group, sell-side analysts forecast that Exchange Income will post 4.00 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.