Exchange Income (TSE:EIF) Sets New 12-Month High – Still a Buy?

Exchange Income Co. (TSE:EIF) reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$135.78 and last traded at C$135.64, with a volume of 33457 shares. The stock had previously closed at C$132.94.

Analysts Set New Price Targets

A number of research analysts have weighed in on EIF shares. TD lifted their price target on shares of Exchange Income from C$125.00 to C$142.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Raymond James Financial increased their price objective on shares of Exchange Income from C$130.00 to C$142.00 and gave the stock a “buy” rating in a research report on Thursday, June 4th. Royal Bank Of Canada raised their price objective on shares of Exchange Income from C$127.00 to C$150.00 and gave the stock an “outperform” rating in a report on Monday, June 29th. Canaccord Genuity Group boosted their price objective on shares of Exchange Income from C$116.00 to C$129.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Finally, Canadian Imperial Bank of Commerce upped their target price on shares of Exchange Income from C$123.00 to C$141.00 and gave the stock an “outperformer” rating in a research note on Wednesday, June 10th. Fourteen analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$127.39.

Exchange Income Stock Up 2.5%

The firm has a market cap of C$7.67 billion, a P/E ratio of 39.25, a price-to-earnings-growth ratio of 1.42 and a beta of 1.03. The company has a quick ratio of 1.12, a current ratio of 1.64 and a debt-to-equity ratio of 141.03. The firm has a fifty day moving average of C$117.55 and a 200-day moving average of C$104.34.

Exchange Income (TSE:EIF) last posted its quarterly earnings results on Monday, May 11th. The company reported C$0.61 earnings per share for the quarter. The firm 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 anticipate that Exchange Income Co. will post 3.9962963 earnings per share for the current year.

Insider Activity at Exchange Income

In related news, Director Duncan Draper Jessiman sold 1,000 shares of the firm’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of C$130.64, for a total value of C$130,640.00. Following the completion of the transaction, the director directly owned 5,080 shares of the company’s stock, valued at approximately C$663,651.20. This trade represents a 16.45% decrease in their ownership of the stock. Insiders own 6.44% of the company’s stock.

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.