Analysts Set Exchange Income Co. (TSE:EIF) Price Target at C$122.19

Shares of Exchange Income Co. (TSE:EIF) have been given an average rating of “Buy” by the thirteen analysts that are covering the stock, Marketbeat Ratings reports. Twelve analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$122.19.

A number of equities research analysts have weighed in on the company. Ventum Financial upped their target price on Exchange Income from C$110.00 to C$135.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Royal Bank Of Canada cut their target price on Exchange Income from C$133.00 to C$127.00 and set an “outperform” rating for the company in a research report on Wednesday, May 13th. Scotiabank upped their target price on Exchange Income from C$121.00 to C$129.00 and gave the stock an “outperform” rating in a research report on Monday, March 9th. ATB Cormark Capital Markets upped their target price on 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 upped their target price on Exchange Income from C$120.00 to C$123.00 and gave the stock an “outperformer” rating in a research report on Wednesday, May 13th.

Exchange Income Stock Performance

Shares of TSE EIF opened at C$111.84 on Thursday. The company has a current ratio of 1.64, a quick ratio of 1.13 and a debt-to-equity ratio of 141.03. The stock has a 50 day simple moving average of C$104.03 and a 200-day simple moving average of C$94.51. The company has a market cap of C$6.30 billion, a PE ratio of 32.23, a P/E/G ratio of 1.42 and a beta of 0.98. Exchange Income has a 12-month low of C$55.98 and a 12-month high of C$113.45.

Exchange Income (TSE:EIF) last issued 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 return on equity of 11.35% and a net margin of 5.41%. On average, equities research analysts forecast that Exchange Income will post 3.9962963 EPS for the current year.

Insiders Place Their Bets

In other Exchange Income news, Director Duncan Draper Jessiman sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of C$101.80, for a total value of C$305,400.00. Following the completion of the sale, the director directly owned 6,080 shares in the company, valued at C$618,944. This represents a 33.04% decrease in their ownership of the stock. 6.44% of the stock is owned by company insiders.

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.