Royal Bank Of Canada Cuts Exchange Income (TSE:EIF) Price Target to C$127.00

Exchange Income (TSE:EIF) had its target price decreased by Royal Bank Of Canada from C$133.00 to C$127.00 in a report issued on Wednesday morning,BayStreet.CA reports. Royal Bank Of Canada currently has an outperform rating on the stock.

Other analysts also recently issued research reports about the company. Desjardins lifted their target price on Exchange Income from C$114.00 to C$116.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Scotiabank lifted 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. Paradigm Capital upped their target price on shares of Exchange Income from C$120.00 to C$122.00 and gave the stock a “buy” rating in a research report on Wednesday. TD Securities raised their target price on shares of Exchange Income from C$102.00 to C$125.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Finally, Raymond James Financial raised their price objective on Exchange Income from C$110.00 to C$125.00 and gave the company a “strong-buy” rating in a research report on Thursday, February 26th. One research 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, Exchange Income presently has a consensus rating of “Buy” and an average price target of C$122.19.

Exchange Income Trading Down 0.4%

Shares of TSE:EIF opened at C$106.74 on Wednesday. The stock’s 50-day simple moving average is C$103.02 and its two-hundred day simple moving average is C$93.04. The stock has a market capitalization of C$6.01 billion, a price-to-earnings ratio of 30.76, a PEG ratio of 1.42 and a beta of 0.98. Exchange Income has a 52-week low of C$55.98 and a 52-week high of C$111.00. The company has a debt-to-equity ratio of 141.03, a quick ratio of 1.13 and a current ratio of 1.64.

Exchange Income (TSE:EIF) last announced its earnings results on Monday, May 11th. The company reported C$0.61 EPS for the quarter. Exchange Income had a return on equity of 11.35% and a net margin of 5.41%.The company had revenue of C$866.58 million for the quarter. Analysts expect that Exchange Income will post 3.9962963 EPS for the current year.

Insider Activity at Exchange Income

In other Exchange Income news, Director Duncan Draper Jessiman sold 3,000 shares of the firm’s stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of C$101.80, for a total transaction of C$305,400.00. Following the transaction, the director directly owned 6,080 shares in the company, valued at C$618,944. This trade represents a 33.04% decrease in their position. 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.