Desjardins Raises Exchange Income (TSE:EIF) Price Target to C$135.00

Exchange Income (TSE:EIF) had its target price hoisted by analysts at Desjardins from C$120.00 to C$135.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. Desjardins’ target price would indicate a potential upside of 6.87% from the company’s current price.

EIF has been the subject of a number of other research reports. Raymond James Financial lifted their target price 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. TD boosted their target price on Exchange Income from C$125.00 to C$142.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Canaccord Genuity Group raised 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 report on Wednesday, May 13th. Canadian Imperial Bank of Commerce raised their price objective 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. Finally, Paradigm Capital upped their price target on 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. Fourteen analysts have rated the stock with a Buy rating, According to data from MarketBeat, Exchange Income has a consensus rating of “Buy” and an average price target of C$132.46.

Exchange Income Stock Down 1.0%

TSE EIF opened at C$126.32 on Wednesday. The stock’s 50 day simple moving average is C$125.05 and its 200 day simple moving average is C$108.87. The company has a debt-to-equity ratio of 141.03, a current ratio of 1.64 and a quick ratio of 1.12. Exchange Income has a one year low of C$64.95 and a one year high of C$136.48. The firm has a market cap of C$7.12 billion, a PE ratio of 36.40, a price-to-earnings-growth ratio of 1.42 and a beta of 1.03.

Exchange Income (TSE:EIF) last posted 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 company had revenue of C$866.58 million for the quarter. As a group, sell-side analysts forecast that Exchange Income will post 3.9962963 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Exchange Income news, Director Duncan Draper Jessiman sold 1,000 shares of the company’s stock in a transaction 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 directly owned 5,080 shares of the company’s stock, valued at C$663,651.20. This represents a 16.45% decrease in their position. 6.44% of the stock is currently owned by corporate 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.