Exchange Income (TSE:EIF) Price Target Raised to C$144.00 at National Bank Financial

Exchange Income (TSE:EIF) had its price objective boosted by National Bank Financial from C$125.00 to C$144.00 in a report published on Thursday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other analysts also recently commented on EIF. BMO Capital Markets upgraded Exchange Income from a “market perform” rating to an “outperform” rating and increased their target price for the company from C$111.00 to C$120.00 in a research note on Wednesday, May 13th. Royal Bank Of Canada increased 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 report on Monday, June 29th. Desjardins raised 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 report on Wednesday, May 13th. Paradigm Capital lifted their target price 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. Finally, TD raised their target price on Exchange Income from C$125.00 to C$142.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. Fourteen investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$128.75.

Exchange Income Stock Performance

Exchange Income stock opened at C$133.15 on Thursday. The stock’s 50 day simple moving average is C$119.95 and its two-hundred day simple moving average is C$105.71. 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 stock has a market cap of C$7.50 billion, a price-to-earnings ratio of 38.37, a PEG ratio of 1.42 and a beta of 1.03. Exchange Income has a fifty-two week low of C$64.95 and a fifty-two week high of C$136.48.

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

Insiders Place Their Bets

In other Exchange Income news, Director Duncan Draper Jessiman sold 1,000 shares of the stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of C$130.64, for a total transaction of C$130,640.00. Following the completion of the sale, the director directly owned 5,080 shares of the company’s stock, valued at C$663,651.20. This trade represents 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.