Canaccord Genuity Group Issues Positive Forecast for Exchange Income (TSE:EIF) Stock Price

Exchange Income (TSE:EIF) had its price objective lifted by equities researchers at Canaccord Genuity Group from C$116.00 to C$129.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 21.56% from the stock’s current price.

A number of other research analysts have also weighed in on EIF. TD Securities boosted their target price on shares of Exchange Income from C$102.00 to C$125.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. National Bank Financial boosted their target price on shares of Exchange Income from C$110.00 to C$125.00 and gave the stock an “outperform” rating in a research report on Thursday, February 26th. BMO Capital Markets boosted their target price on shares of Exchange Income from C$100.00 to C$111.00 and gave the stock a “market perform” rating in a research report on Thursday, April 16th. ATB Cormark Capital Markets boosted their target price on shares of Exchange Income from C$120.00 to C$125.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Finally, Canadian Imperial Bank of Commerce boosted their target price on shares of Exchange Income from C$106.00 to C$120.00 and gave the stock an “outperform” rating in a research report on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating and twelve have given a Buy rating to the company. According to MarketBeat, Exchange Income currently has an average rating of “Buy” and an average price target of C$122.19.

Exchange Income Stock Up 1.7%

Shares of EIF stock traded up C$1.76 on Wednesday, hitting C$106.12. The company’s stock had a trading volume of 159,542 shares, compared to its average volume of 176,641. The company has a debt-to-equity ratio of 149.91, a current ratio of 1.71 and a quick ratio of 1.13. Exchange Income has a fifty-two week low of C$55.98 and a fifty-two week high of C$111.00. The firm’s fifty day moving average price is C$102.87 and its 200-day moving average price is C$92.54. The stock has a market capitalization of C$5.98 billion, a price-to-earnings ratio of 34.01, a P/E/G ratio of 1.42 and a beta of 0.98.

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 business had revenue of C$866.58 million during the quarter. Exchange Income had a net margin of 5.11% and a return on equity of 10.61%. Research analysts anticipate that Exchange Income will post 3.9962963 EPS for the current year.

Insider Activity

In other news, Director Duncan Draper Jessiman sold 3,000 shares of the business’s 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 transaction, the director owned 6,080 shares in the company, 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.