Exchange Income (TSE:EIF) Sets New 52-Week High – Here’s What Happened

Shares of Exchange Income Co. (TSE:EIF) hit a new 52-week high during trading on Thursday . The stock traded as high as C$110.17 and last traded at C$110.10, with a volume of 123264 shares. The stock had previously closed at C$108.74.

Analyst Ratings Changes

A number of brokerages recently weighed in on EIF. BMO Capital Markets raised shares of Exchange Income from a “market perform” rating to an “outperform” rating and raised their price target for the company from C$111.00 to C$120.00 in a report on Wednesday, May 13th. Ventum Financial raised their price target on shares of Exchange Income from C$110.00 to C$135.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Canaccord Genuity Group raised their price target on shares of Exchange Income from C$116.00 to C$129.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Paradigm Capital raised their price target on shares of Exchange Income from C$120.00 to C$122.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Finally, ATB Cormark Capital Markets raised their price target on shares of Exchange Income from C$120.00 to C$125.00 and gave the company a “buy” rating in a report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating and twelve have given a Buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$122.19.

Exchange Income Stock Performance

The firm has a fifty day moving average of C$103.38 and a 200-day moving average of C$93.79. The firm has a market cap of C$6.19 billion, a P/E ratio of 31.67, a PEG ratio of 1.42 and a beta of 0.98. The company has a quick ratio of 1.13, a current ratio of 1.64 and a debt-to-equity ratio of 141.03.

Exchange Income (TSE:EIF) last posted its quarterly earnings results on Monday, May 11th. The company reported C$0.61 earnings per share (EPS) for the quarter. Exchange Income had a return on equity of 11.35% and a net margin of 5.41%.The business had revenue of C$866.58 million for the quarter. Research analysts predict that Exchange Income Co. will post 3.9962963 earnings per share for the current fiscal year.

Insider Transactions at Exchange Income

In other Exchange Income 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 transaction, the director directly owned 6,080 shares of the company’s stock, valued at approximately C$618,944. This trade represents a 33.04% decrease in their ownership of the stock. 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.