Exchange Income Co. (TSE:EIF) Receives Average Rating of “Buy” from Analysts

Shares of Exchange Income Co. (TSE:EIF) have been assigned an average recommendation of “Buy” from the fourteen brokerages that are covering the stock, Marketbeat reports. Fourteen investment analysts have rated the stock with a buy rating. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$128.75.

Several research firms have recently issued reports on EIF. National Bank Financial upped their price objective on shares of Exchange Income from C$125.00 to C$144.00 and gave the company an “outperform” rating in a report on Thursday. 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 note on Wednesday, May 13th. BMO Capital Markets raised shares of Exchange Income from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from C$111.00 to C$120.00 in a research report on Wednesday, May 13th. Desjardins boosted their target price on shares of Exchange Income from C$116.00 to C$120.00 and gave the stock a “buy” rating in a research 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 note on Wednesday, June 10th.

Exchange Income Stock Up 0.8%

Shares of EIF stock opened at C$133.15 on Friday. The stock’s fifty day moving average price is C$119.95 and its 200 day moving average price is C$105.71. Exchange Income has a 1-year low of C$64.95 and a 1-year high of C$136.48. The company has a market cap of C$7.50 billion, a price-to-earnings ratio of 38.37, a price-to-earnings-growth ratio of 1.42 and a beta of 1.03. 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 (TSE:EIF) last released its quarterly earnings results on Monday, May 11th. The company reported C$0.61 EPS for the quarter. The company had revenue of C$866.58 million during the quarter. Exchange Income had a return on equity of 11.35% and a net margin of 5.41%. On average, research analysts expect that Exchange Income will post 3.9962963 earnings per share for the current fiscal year.

Insider Buying and Selling at Exchange Income

In related 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 owned by company 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.