Raymond James Financial Boosts Exchange Income (TSE:EIF) Price Target to C$150.00

Exchange Income (TSE:EIF) had its price target lifted by equities research analysts at Raymond James Financial from C$142.00 to C$150.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “strong-buy” rating on the stock. Raymond James Financial’s target price points to a potential upside of 10.56% from the stock’s previous close.

Several other research analysts have also recently weighed in on EIF. Desjardins lifted their price target on shares of Exchange Income from C$135.00 to C$145.00 and gave the stock a “buy” rating in a research note on Wednesday. Royal Bank Of Canada raised their target price on Exchange Income from C$150.00 to C$156.00 and gave the stock an “outperform” rating in a report on Thursday. Scotiabank lifted their target price on Exchange Income from C$140.00 to C$150.00 and gave the company a “sector outperform” rating in a research report on Thursday. TD boosted their price target on Exchange Income from C$142.00 to C$151.00 and gave the company a “buy” rating in a report on Thursday. Finally, Canadian Imperial Bank of Commerce raised their price objective on Exchange Income from C$141.00 to C$151.00 in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, Exchange Income presently has an average rating of “Buy” and an average target price of C$145.92.

Exchange Income Stock Performance

Shares of TSE EIF traded up C$0.24 during midday trading on Thursday, hitting C$135.67. 101,343 shares of the company’s stock traded hands, compared to its average volume of 174,114. The firm has a fifty day moving average of C$128.73 and a 200 day moving average of C$112.60. Exchange Income has a 1 year low of C$69.67 and a 1 year high of C$136.75. 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 stock has a market capitalization of C$7.64 billion, a price-to-earnings ratio of 39.10, a price-to-earnings-growth ratio of 1.42 and a beta of 1.03.

Exchange Income (TSE:EIF) last posted its quarterly earnings data 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, analysts forecast that Exchange Income 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 company’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of C$130.64, for a total transaction 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. This represents a 16.45% decrease in their ownership of the stock. Company 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.