Exchange Income (TSE:EIF) Given New C$145.00 Price Target at Scotiabank

Exchange Income (TSE:EIF) had its price objective hoisted by Scotiabank from C$129.00 to C$145.00 in a research report report published on Thursday,BayStreet.CA reports.

Several other brokerages have also issued reports on EIF. BMO Capital Markets raised Exchange Income from a “market perform” rating to an “outperform” rating and boosted their price target for the company from C$111.00 to C$120.00 in a research note on Wednesday, May 13th. Paradigm Capital raised their price objective on shares of Exchange Income from C$120.00 to C$122.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. ATB Cormark Capital Markets raised their price objective on shares of Exchange Income from C$125.00 to C$146.00 and gave the stock an “outperform” rating in a research report on Wednesday. Royal Bank Of Canada lifted their price objective on shares of Exchange Income from C$127.00 to C$150.00 and gave the company an “outperform” rating in a research note on Monday, June 29th. Finally, National Bank Financial boosted their target price on shares of Exchange Income from C$125.00 to C$144.00 and gave the company an “outperform” rating in a research report on Thursday, July 9th. Fourteen equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$131.39.

Exchange Income Stock Performance

EIF stock opened at C$127.48 on Thursday. The stock has a 50-day moving average price of C$122.58 and a 200-day moving average price of C$107.29. Exchange Income has a 1-year low of C$64.95 and a 1-year high of C$136.48. The company has a current ratio of 1.64, a quick ratio of 1.12 and a debt-to-equity ratio of 141.03. The firm has a market cap of C$7.18 billion, a PE ratio of 36.74, a price-to-earnings-growth ratio of 1.42 and a beta of 1.03.

Exchange Income (TSE:EIF) last announced its earnings results 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 company had revenue of C$866.58 million for the quarter. As a group, equities research analysts expect that Exchange Income will post 3.9962963 earnings per share for the current year.

Insider Buying and Selling at Exchange Income

In other news, Director Duncan Draper Jessiman sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of C$130.64, for a total value of C$130,640.00. Following the transaction, the director owned 5,080 shares in the company, valued at C$663,651.20. The trade was a 16.45% decrease in their position. 6.44% of the stock is owned by 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.