ATB Cormark Capital Markets Increases Exchange Income (TSE:EIF) Price Target to C$146.00

Exchange Income (TSE:EIF) had its target price lifted by equities researchers at ATB Cormark Capital Markets from C$125.00 to C$146.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ target price indicates a potential upside of 11.86% from the company’s previous close.

Several other analysts have also recently weighed in on the stock. TD upped their price objective on shares of Exchange Income from C$125.00 to C$142.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. Royal Bank Of Canada boosted their target price on Exchange Income from C$127.00 to C$150.00 and gave the stock an “outperform” rating in a report on Monday, June 29th. Raymond James Financial increased their price target on Exchange Income from C$130.00 to C$142.00 and gave the stock a “buy” rating in a research report on Thursday, June 4th. Desjardins lifted their price objective on Exchange Income from C$116.00 to C$120.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Finally, National Bank Financial boosted their price objective 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. Fourteen investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Exchange Income presently has a consensus rating of “Buy” and a consensus price target of C$130.25.

Exchange Income Price Performance

Shares of TSE EIF traded up C$4.34 during midday trading on Wednesday, reaching C$130.52. 110,922 shares of the company traded hands, compared to its average volume of 177,965. Exchange Income has a 12 month low of C$64.95 and a 12 month high of C$136.48. The company has a debt-to-equity ratio of 141.03, a quick ratio of 1.12 and a current ratio of 1.64. The stock’s 50-day simple moving average is C$121.63 and its 200-day simple moving average is C$106.65. The firm has a market cap of C$7.35 billion, a PE ratio of 37.61, a PEG ratio of 1.42 and a beta of 1.03.

Exchange Income (TSE:EIF) last posted its earnings results on Monday, May 11th. The company reported C$0.61 earnings per share 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, equities analysts anticipate 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 stock in a transaction on Monday, June 29th. The stock was sold at an average price of C$130.64, for a total value of C$130,640.00. Following the transaction, the director directly owned 5,080 shares in the company, valued at approximately C$663,651.20. This trade represents a 16.45% decrease in their position. 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.