Exchange Income Co. (TSE:EIF) Receives Average Recommendation of “Buy” from Analysts

Exchange Income Co. (TSE:EIF) has earned a consensus recommendation of “Buy” from the thirteen research firms that are covering the company, MarketBeat Ratings reports. Twelve analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$145.92.

Several research analysts have recently issued reports on EIF shares. National Bank Financial raised their price objective on Exchange Income from C$144.00 to C$145.00 and gave the stock an “outperform” rating in a research note on Thursday, August 13th. Raymond James Financial increased their target price on shares of Exchange Income from C$142.00 to C$150.00 and gave the stock a “strong-buy” rating in a research note on Thursday, August 13th. Paradigm Capital increased their target price on 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. Scotiabank lifted their price objective on Exchange Income from C$140.00 to C$150.00 and gave the stock a “sector outperform” rating in a report on Thursday, August 13th. Finally, TD upped their target price on shares of Exchange Income from C$142.00 to C$151.00 and gave the stock a “buy” rating in a report on Thursday, August 13th.

Insider Buying and Selling

In related news, Director Duncan Draper Jessiman sold 1,000 shares of the stock in a transaction that occurred 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 completion of the sale, the director owned 5,080 shares of the company’s stock, valued at approximately C$663,651.20. This trade represents a 16.45% decrease in their ownership of the stock. Also, Director Donald Streuber sold 5,000 shares of Exchange Income stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of C$130.44, for a total value of C$652,200.00. Following the transaction, the director owned 279,299 shares in the company, valued at approximately C$36,431,761.56. The trade was a 1.76% decrease in their position. 6.44% of the stock is owned by corporate insiders.

Exchange Income Stock Performance

EIF stock opened at C$116.40 on Friday. The firm has a market cap of C$6.56 billion, a price-to-earnings ratio of 31.54, a PEG ratio of 1.42 and a beta of 1.03. Exchange Income has a one year low of C$69.67 and a one year high of C$136.75. The company has a debt-to-equity ratio of 141.68, a quick ratio of 1.12 and a current ratio of 1.63. The firm has a 50-day simple moving average of C$128.11 and a two-hundred day simple moving average of C$115.55.

Exchange Income (TSE:EIF) last announced 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 5.53% and a return on equity of 11.69%. The firm had revenue of C$952.16 million during the quarter. On average, equities analysts forecast that Exchange Income will post 3.9962963 EPS for the current fiscal year.

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.