Exchange Income (TSE:EIF) Sets New 52-Week High – Time to Buy?

Exchange Income Co. (TSE:EIF)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as C$132.27 and last traded at C$132.02, with a volume of 29912 shares changing hands. The stock had previously closed at C$128.65.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on EIF shares. National Bank Financial upped their target price on Exchange Income from C$110.00 to C$125.00 and gave the stock an “outperform” rating in a research report on Thursday, February 26th. BMO Capital Markets raised shares of Exchange Income from a “market perform” rating to an “outperform” rating and lifted their price target for the company from C$111.00 to C$120.00 in a research report on Wednesday, May 13th. Canaccord Genuity Group boosted 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 research note on Wednesday, May 13th. Raymond James Financial boosted their price target on shares of Exchange Income from C$130.00 to C$142.00 and gave the company a “buy” rating in a research note on Thursday, June 4th. Finally, Ventum Financial upped their price objective 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. Fourteen research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$125.75.

Exchange Income Price Performance

The company has a debt-to-equity ratio of 141.03, a quick ratio of 1.12 and a current ratio of 1.64. The business has a 50 day simple moving average of C$112.16 and a 200-day simple moving average of C$100.68. The firm has a market cap of C$7.53 billion, a price-to-earnings ratio of 38.51, a P/E/G ratio of 1.42 and a beta of 1.01.

Exchange Income (TSE:EIF) last issued its quarterly earnings data 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 firm had revenue of C$866.58 million during the quarter. Equities research analysts expect that Exchange Income Co. will post 3.9962963 earnings per share for the current year.

Insider Transactions at Exchange Income

In related news, Director Duncan Draper Jessiman sold 3,000 shares of the company’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 completion of the sale, the director owned 6,080 shares in the company, valued at approximately C$618,944. This represents a 33.04% decrease in their ownership of the stock. Company insiders own 6.44% of the company’s stock.

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.