Exchange Income (TSE:EIF) Given New C$135.00 Price Target at Desjardins

Exchange Income (TSE:EIF) had its price objective raised by stock analysts at Desjardins from C$120.00 to C$135.00 in a research note issued on Wednesday,BayStreet.CA reports. Desjardins’ price objective would indicate a potential upside of 5.29% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. Raymond James Financial raised their price objective on shares of Exchange Income from C$130.00 to C$142.00 and gave the company a “buy” rating in a research report on Thursday, June 4th. Royal Bank Of Canada upped their target price on shares of Exchange Income from C$127.00 to C$150.00 and gave the stock an “outperform” rating in a research report on Monday, June 29th. Canadian Imperial Bank of Commerce raised their price target on shares of Exchange Income from C$123.00 to C$141.00 and gave the company an “outperformer” rating in a report on Wednesday, June 10th. ATB Cormark Capital Markets boosted their price objective on shares of Exchange Income from C$125.00 to C$146.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 15th. Finally, National Bank Financial upped their price objective on Exchange Income from C$125.00 to C$144.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. Fourteen research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$132.46.

Exchange Income Price Performance

EIF traded down C$0.18 during trading on Wednesday, hitting C$128.22. The company’s stock had a trading volume of 44,904 shares, compared to its average volume of 175,424. 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 stock has a market capitalization of C$7.22 billion, a price-to-earnings ratio of 36.95, a price-to-earnings-growth ratio of 1.42 and a beta of 1.03. The firm’s 50 day moving average price is C$124.22 and its two-hundred day moving average price is C$108.24. Exchange Income has a 12 month low of C$64.95 and a 12 month high of C$136.48.

Exchange Income (TSE:EIF) last announced its earnings results on Monday, May 11th. The company reported C$0.61 earnings per share for the quarter. Exchange Income had a return on equity of 11.35% and a net margin of 5.41%.The company had revenue of C$866.58 million during the quarter. Sell-side analysts forecast that Exchange Income will post 3.9962963 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Duncan Draper Jessiman sold 1,000 shares of Exchange Income stock in a transaction 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 sale, the director directly owned 5,080 shares of the company’s stock, valued at C$663,651.20. The trade was a 16.45% decrease in their ownership of the stock. 6.44% of the stock is owned by corporate 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.