Exchange Income (TSE:EIF) Hits New 12-Month High – Here’s Why

Exchange Income Co. (TSE:EIF) shares hit a new 52-week high on Wednesday . The company traded as high as C$113.65 and last traded at C$113.45, with a volume of 123057 shares trading hands. The stock had previously closed at C$111.84.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on EIF shares. Royal Bank Of Canada cut their target price on shares of Exchange Income from C$133.00 to C$127.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 13th. Canadian Imperial Bank of Commerce lifted their target price on shares of Exchange Income from C$120.00 to C$123.00 and gave the company an “outperformer” rating in a research note on Wednesday, May 13th. TD Securities boosted their price objective on shares of Exchange Income from C$102.00 to C$125.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Paradigm Capital boosted their price objective 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. Finally, BMO Capital Markets raised shares of Exchange Income from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from C$111.00 to C$120.00 in a research note on Wednesday, May 13th. One equities research 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 a consensus rating of “Buy” and a consensus target price of C$122.19.

Exchange Income Price Performance

The company has a debt-to-equity ratio of 141.03, a current ratio of 1.64 and a quick ratio of 1.13. The firm’s 50 day moving average is C$104.31 and its 200 day moving average is C$94.76. The firm has a market cap of C$6.39 billion, a P/E ratio of 32.69, a price-to-earnings-growth ratio of 1.42 and a beta of 0.98.

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

Insider Transactions at Exchange Income

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