Exchange Income (TSE:EIF) Reaches New 1-Year High – Here’s What Happened

Exchange Income Co. (TSE:EIF)’s stock price reached a new 52-week high on Wednesday . The company traded as high as C$113.65 and last traded at C$113.45, with a volume of 123057 shares changing hands. The stock had previously closed at C$111.84.

Analyst Ratings Changes

A number of research firms have recently weighed in on EIF. 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. 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. Canadian Imperial Bank of Commerce raised their price target on shares of Exchange Income from C$120.00 to C$123.00 and gave the company an “outperformer” rating in a report on Wednesday, May 13th. National Bank Financial raised their price target on shares of Exchange Income from C$110.00 to C$125.00 and gave the company an “outperform” rating in a report on Thursday, February 26th. Finally, Canaccord Genuity Group lifted their target price on shares of Exchange Income from C$116.00 to C$129.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating and twelve have issued a Buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$122.19.

Exchange Income Stock Up 1.1%

The business’s 50 day moving average is C$104.99 and its 200 day moving average is C$95.36. The company has a market capitalization of C$6.73 billion, a price-to-earnings ratio of 34.45, a PEG ratio of 1.42 and a beta of 0.98. 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 released its earnings results on Monday, May 11th. The company reported C$0.61 EPS for the quarter. The company had revenue of C$866.58 million during the quarter. Exchange Income had a net margin of 5.41% and a return on equity of 11.35%. Sell-side analysts anticipate that Exchange Income Co. will post 3.9962963 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Duncan Draper Jessiman sold 3,000 shares of Exchange Income 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 sale, 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. 6.44% of the stock is owned by company insiders.

Exchange Income Company Profile

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.