Exchange Income (TSE:EIF) Given a C$150.00 Price Target by Ventum Capital Analysts

Exchange Income (TSE:EIF) has been given a C$150.00 target price by equities research analysts at Ventum Capital in a research note issued to investors on Tuesday, BayStreet reports. The brokerage presently has a “buy” rating on the stock. Ventum Capital‘s price target points to a potential upside of 27.68% from the stock’s previous close.

A number of other brokerages have also recently commented on EIF. National Bank Financial set a C$145.00 price target on Exchange Income and gave the company an “outperform” rating in a research note on Thursday, October 8th. Raymond James Financial lifted their price objective on shares of Exchange Income from C$142.00 to C$150.00 and gave the stock a “strong-buy” rating in a research note on Thursday, August 13th. Desjardins boosted their price objective on shares of Exchange Income from C$135.00 to C$145.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. Canaccord Genuity Group increased their target price on shares of Exchange Income from C$129.00 to C$150.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Finally, TD lifted their price target on shares of Exchange Income from C$142.00 to C$151.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$146.21.

Exchange Income Trading Up 2.7%

Shares of Exchange Income stock traded up C$3.14 during trading on Tuesday, reaching C$117.48. 64,140 shares of the company were exchanged, compared to its average volume of 162,325. The company has a quick ratio of 1.12, a current ratio of 1.63 and a debt-to-equity ratio of 141.68. Exchange Income has a twelve month low of C$73.81 and a twelve month high of C$136.75. The business has a 50-day moving average price of C$118.10 and a 200-day moving average price of C$113.93. The firm has a market capitalization of C$6.62 billion, a price-to-earnings ratio of 31.84, a P/E/G ratio of 1.42 and a beta of 0.83.

Exchange Income (TSE:EIF) last released its quarterly earnings data on Tuesday, August 11th. The company reported C$1.13 EPS for the quarter. Exchange Income had a return on equity of 11.69% and a net margin of 5.53%. The business had revenue of C$952.16 million during the quarter. Sell-side analysts anticipate that Exchange Income will post 4.00 EPS for the current fiscal year.

Insider Activity

In other Exchange Income news, Director Michael Pyle acquired 1,000 shares of the business’s stock in a transaction dated Thursday, September 3rd. The shares were acquired at an average price of C$116.93 per share, for a total transaction of C$116,930.00. Following the acquisition, the director directly owned 20,337 shares of the company’s stock, valued at approximately C$2,378,005.41. This trade represents a 5.17% increase in their position. Also, Director Donald Streuber sold 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of C$120.47, for a total value of C$421,645.00. Following the completion of the transaction, the director owned 27,368 shares of the company’s stock, valued at C$3,297,022.96. This represents a 11.34% decrease in their ownership of the stock. Insiders acquired 1,534 shares of company stock valued at $181,356 over the last 90 days. Corporate insiders own 6.44% of the company’s stock.

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.