Exchange Income (TSE:EIF) Given New C$142.00 Price Target at TD

Exchange Income (TSE:EIF) had its target price boosted by stock analysts at TD from C$125.00 to C$142.00 in a research note issued on Monday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD’s price target would suggest a potential upside of 16.23% from the stock’s current price.

Other analysts have also issued research reports about the stock. Scotiabank lifted their price target on shares of Exchange Income from C$121.00 to C$129.00 and gave the stock an “outperform” rating in a research note on Monday, March 9th. Paradigm Capital lifted their price target on shares of Exchange Income from C$120.00 to C$122.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Canaccord Genuity Group lifted their price target on shares of Exchange Income from C$116.00 to C$129.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. ATB Cormark Capital Markets lifted their price target on shares of Exchange Income from C$120.00 to C$125.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Finally, Royal Bank Of Canada dropped their price target on shares of Exchange Income from C$133.00 to C$127.00 and set an “outperform” rating for the company in a research note on Wednesday, May 13th. Fourteen research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$124.46.

Exchange Income Stock Up 1.0%

Shares of TSE EIF traded up C$1.23 during trading on Monday, reaching C$122.17. 75,430 shares of the stock were exchanged, compared to its average volume of 179,099. The business’s 50-day moving average price is C$107.43 and its 200 day moving average price is C$97.33. Exchange Income has a twelve month low of C$56.84 and a twelve month high of C$125.01. The company has a quick ratio of 1.13, a current ratio of 1.64 and a debt-to-equity ratio of 141.03. The company has a market capitalization of C$6.88 billion, a price-to-earnings ratio of 35.21, a price-to-earnings-growth ratio of 1.42 and a beta of 1.01.

Exchange Income (TSE:EIF) last posted its earnings results on Monday, May 11th. The company reported C$0.61 EPS for the quarter. The business had revenue of C$866.58 million for the quarter. Exchange Income had a net margin of 5.41% and a return on equity of 11.35%. As a group, equities analysts forecast that Exchange Income will post 3.9962963 EPS for the current fiscal year.

Insiders Place Their Bets

In other Exchange Income news, Director Duncan Draper Jessiman sold 3,000 shares of the business’s stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of C$101.80, for a total transaction of C$305,400.00. Following the completion of the sale, the director owned 6,080 shares in the company, valued at C$618,944. The trade was a 33.04% decrease in their ownership of the stock. 6.44% of the stock is currently owned by insiders.

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.