Exchange Income Co. (TSE:EIF) Receives C$115.04 Consensus Target Price from Analysts

Exchange Income Co. (TSE:EIF) has been assigned an average recommendation of “Buy” from the thirteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$115.04.

EIF has been the subject of a number of research reports. Raymond James Financial increased their target price on shares of Exchange Income from C$110.00 to C$125.00 and gave the stock a “strong-buy” rating in a research report on Thursday, February 26th. Desjardins raised their price objective on shares of Exchange Income from C$87.00 to C$102.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. Scotiabank raised their price objective on shares of Exchange Income from C$121.00 to C$129.00 and gave the company an “outperform” rating in a research report on Monday, March 9th. BMO Capital Markets raised their price objective on shares of Exchange Income from C$80.00 to C$100.00 and gave the company a “market perform” rating in a research report on Thursday, February 26th. Finally, TD Securities raised their price objective on shares of Exchange Income from C$102.00 to C$125.00 and gave the company a “buy” rating in a research report on Thursday, February 26th.

Insider Activity at Exchange Income

In other news, Director Duncan Draper Jessiman sold 3,000 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately C$618,944. This trade represents a 33.04% decrease in their ownership of the stock. Company insiders own 6.44% of the company’s stock.

Exchange Income Price Performance

Shares of TSE:EIF opened at C$103.00 on Wednesday. The company has a quick ratio of 1.13, a current ratio of 1.71 and a debt-to-equity ratio of 149.91. The firm has a market capitalization of C$5.78 billion, a PE ratio of 33.01, a P/E/G ratio of 1.42 and a beta of 0.92. Exchange Income has a twelve month low of C$45.89 and a twelve month high of C$111.00. The company has a 50-day moving average price of C$101.44 and a two-hundred day moving average price of C$87.98.

Exchange Income (TSE:EIF) last issued its earnings results on Tuesday, February 24th. The company reported C$1.06 earnings per share for the quarter. The firm had revenue of C$929.55 million during the quarter. Exchange Income had a net margin of 5.11% and a return on equity of 10.61%. Equities analysts forecast that Exchange Income will post 3.9962963 EPS for the current 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.