Exchange Income Co. (TSE:EIF) Given Average Rating of “Buy” by Brokerages

Shares of Exchange Income Co. (TSE:EIF) have earned a consensus recommendation of “Buy” from the fourteen analysts that are covering the stock, Marketbeat reports. Fourteen research analysts have rated the stock with a buy recommendation. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$125.75.

A number of research analysts have issued reports on the stock. BMO Capital Markets raised shares of Exchange Income from a “market perform” rating to an “outperform” rating and raised their price target for the stock 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 stock a “buy” rating in a report on Thursday, February 26th. National Bank Financial raised their price target on shares of Exchange Income from C$110.00 to C$125.00 and gave the stock an “outperform” rating in a report on Thursday, February 26th. Raymond James Financial raised their price target on shares of Exchange Income from C$130.00 to C$142.00 and gave the stock a “buy” rating in a report on Thursday, June 4th. Finally, Canadian Imperial Bank of Commerce raised their price target on shares of Exchange Income from C$123.00 to C$141.00 and gave the stock an “outperformer” rating in a report on Wednesday, June 10th.

Insider Activity

In related news, Director Duncan Draper Jessiman sold 3,000 shares of the firm’s stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of C$101.80, for a total transaction of C$305,400.00. Following the completion of the transaction, the director owned 6,080 shares of the company’s stock, valued at C$618,944. This trade represents a 33.04% decrease in their ownership of the stock. 6.44% of the stock is currently owned by company insiders.

Exchange Income Stock Performance

TSE EIF opened at C$128.97 on Monday. The company has a fifty day simple moving average of C$109.56 and a two-hundred day simple moving average of C$99.02. The stock has a market cap of C$7.26 billion, a P/E ratio of 37.17, a P/E/G ratio of 1.42 and a beta of 1.01. Exchange Income has a 12-month low of C$57.00 and a 12-month high of C$129.85. The company has a current ratio of 1.64, a quick ratio of 1.13 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. The business 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%. On average, analysts forecast that Exchange Income will post 3.9962963 earnings per share 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.