Exchange Income (TSE:EIF) Raised to “Outperform” at BMO Capital Markets

Exchange Income (TSE:EIF) was upgraded by investment analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a report released on Wednesday,BayStreet.CA reports. The firm currently has a C$120.00 price objective on the stock, up from their prior price objective of C$111.00. BMO Capital Markets’ price target would indicate a potential upside of 13.08% from the stock’s previous close.

A number of other research analysts have also recently commented on EIF. National Bank Financial increased their price target on Exchange Income from C$110.00 to C$125.00 and gave the company an “outperform” rating in a research note on Thursday, February 26th. Ventum Financial increased their price target on Exchange Income from C$110.00 to C$135.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Canadian Imperial Bank of Commerce increased their price target on Exchange Income from C$120.00 to C$123.00 and gave the company an “outperformer” rating in a research note on Wednesday. Desjardins increased their price target on Exchange Income from C$116.00 to C$120.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, ATB Cormark Capital Markets increased their price target on Exchange Income from C$120.00 to C$125.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating and twelve have issued a Buy rating to the company. Based on data from MarketBeat, Exchange Income presently has an average rating of “Buy” and a consensus target price of C$122.19.

Exchange Income Price Performance

TSE:EIF traded up C$1.76 during trading hours on Wednesday, reaching C$106.12. 159,542 shares of the company were exchanged, compared to its average volume of 176,641. The company has a market capitalization of C$5.98 billion, a P/E ratio of 34.01, a P/E/G ratio of 1.42 and a beta of 0.98. Exchange Income has a 1-year low of C$55.98 and a 1-year high of C$111.00. The company has a debt-to-equity ratio of 149.91, a current ratio of 1.71 and a quick ratio of 1.13. The business has a 50 day moving average of C$102.87 and a 200 day moving average of C$92.54.

Exchange Income (TSE:EIF) last released its earnings results on Monday, May 11th. The company reported C$0.61 earnings per share for the quarter. Exchange Income had a return on equity of 10.61% and a net margin of 5.11%.The firm had revenue of C$866.58 million during the quarter. Research analysts forecast that Exchange Income will post 3.9962963 EPS for the current year.

Insiders Place Their Bets

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

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.