ATB Cormark Capital Markets Issues Positive Forecast for Exchange Income (TSE:EIF) Stock Price

Exchange Income (TSE:EIF) had its target price boosted by ATB Cormark Capital Markets from C$125.00 to C$146.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

EIF has been the topic of a number of other research reports. Raymond James Financial lifted their price target on Exchange Income from C$130.00 to C$142.00 and gave the stock a “buy” rating in a research note on Thursday, June 4th. Royal Bank Of Canada raised their target price on shares of Exchange Income from C$127.00 to C$150.00 and gave the stock an “outperform” rating in a report on Monday, June 29th. 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 report on Wednesday, May 13th. Paradigm Capital boosted 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, Canadian Imperial Bank of Commerce upped their price target on shares of Exchange Income from C$123.00 to C$141.00 and gave the company an “outperformer” rating in a research report on Wednesday, June 10th. Fourteen analysts have rated the stock with a Buy rating, According to MarketBeat, Exchange Income presently has an average rating of “Buy” and a consensus price target of C$130.25.

Exchange Income Stock Performance

EIF opened at C$130.47 on Wednesday. The business’s 50 day moving average is C$122.12 and its 200-day moving average is C$106.98. The stock has a market cap of C$7.35 billion, a PE ratio of 37.60, a price-to-earnings-growth ratio of 1.42 and a beta of 1.03. The company has a current ratio of 1.64, a quick ratio of 1.12 and a debt-to-equity ratio of 141.03. Exchange Income has a twelve month low of C$64.95 and a twelve month high of C$136.48.

Exchange Income (TSE:EIF) last issued its quarterly earnings data 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 during the quarter. On average, analysts predict that Exchange Income will post 3.9962963 earnings per share for the current year.

Insider Activity

In related news, Director Duncan Draper Jessiman sold 1,000 shares of the business’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of C$130.64, for a total transaction of C$130,640.00. Following the transaction, the director directly owned 5,080 shares in the company, valued at C$663,651.20. The trade was a 16.45% decrease in their ownership of the stock. 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.