Exchange Income (TSE:EIF) Price Target Raised to C$151.00 at Canadian Imperial Bank of Commerce

Exchange Income (TSE:EIF) had its price objective upped by analysts at Canadian Imperial Bank of Commerce from C$141.00 to C$151.00 in a research note issued to investors on Thursday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s price target indicates a potential upside of 11.30% from the stock’s previous close.

A number of other analysts have also recently commented on the stock. Paradigm Capital upped their price target on shares of Exchange Income from C$120.00 to C$122.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Desjardins lifted their price objective on Exchange Income from C$135.00 to C$145.00 and gave the stock a “buy” rating in a research report on Wednesday. BMO Capital Markets boosted their price objective on Exchange Income from C$140.00 to C$152.00 in a research note on Thursday. Royal Bank Of Canada upped their target price on Exchange Income from C$127.00 to C$150.00 and gave the company an “outperform” rating in a research report on Monday, June 29th. Finally, National Bank Financial raised their target price on Exchange Income from C$125.00 to C$144.00 and gave the stock an “outperform” rating in a research note on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating and twelve have given a Buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$145.92.

Exchange Income Trading Up 0.2%

Shares of EIF traded up C$0.24 during mid-day trading on Thursday, reaching C$135.67. 101,343 shares of the company were exchanged, compared to its average volume of 174,114. The company has a debt-to-equity ratio of 141.03, a quick ratio of 1.12 and a current ratio of 1.64. Exchange Income has a 52 week low of C$69.67 and a 52 week high of C$136.75. The business has a 50 day simple moving average of C$128.73 and a two-hundred day simple moving average of C$112.60. The stock has a market capitalization of C$7.64 billion, a PE ratio of 39.10, a PEG 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 EPS for the quarter. Exchange Income had a net margin of 5.41% and a return on equity of 11.35%. The company had revenue of C$952.16 million for the quarter. On average, analysts predict that Exchange Income will post 3.9962963 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Exchange Income 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 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.

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.