Exchange Income (TSE:EIF) Sets New 52-Week High Following Analyst Upgrade

Exchange Income Co. (TSE:EIF)’s share price hit a new 52-week high on Wednesday after Desjardins raised their price target on the stock from C$135.00 to C$145.00. Desjardins currently has a buy rating on the stock. Exchange Income traded as high as C$136.75 and last traded at C$135.98, with a volume of 256081 shares trading hands. The stock had previously closed at C$128.18.

A number of other equities research analysts also recently weighed in on the company. Raymond James Financial lifted their price objective on Exchange Income from C$130.00 to C$142.00 and gave the company a “buy” rating in a report on Thursday, June 4th. Canadian Imperial Bank of Commerce increased their target price on Exchange Income from C$123.00 to C$141.00 and gave the stock an “outperformer” rating in a report on Wednesday, June 10th. ATB Cormark Capital Markets boosted their price target on Exchange Income from C$125.00 to C$146.00 and gave the company an “outperform” rating in a research note on Wednesday, July 15th. Scotiabank upped their price target on Exchange Income from C$129.00 to C$145.00 in a research report on Thursday, July 16th. Finally, National Bank Financial lifted their price objective on Exchange Income from C$125.00 to C$144.00 and gave the company an “outperform” rating in a report on Thursday, July 9th. Thirteen research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$137.38.

Insider Transactions at Exchange Income

In other Exchange Income 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 value of C$130,640.00. Following the completion of the transaction, the director owned 5,080 shares in the company, valued at approximately C$663,651.20. The trade was a 16.45% decrease in their position. Insiders own 6.44% of the company’s stock.

Exchange Income Stock Up 6.1%

The stock has a market cap of C$7.66 billion, a price-to-earnings ratio of 39.19, a PEG ratio of 1.42 and a beta of 1.03. The company has a debt-to-equity ratio of 141.03, a quick ratio of 1.12 and a current ratio of 1.64. The firm’s 50-day simple moving average is C$128.49 and its two-hundred day simple moving average is C$112.34.

Exchange Income (TSE:EIF) last announced its earnings results on Tuesday, August 11th. The company reported C$1.13 earnings per share (EPS) for the quarter. The company had revenue of C$952.16 million for the quarter. Exchange Income had a net margin of 5.41% and a return on equity of 11.35%. On average, sell-side analysts expect that Exchange Income Co. will post 3.9962963 EPS for the current fiscal year.

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.