Exchange Income (TSE:EIF) Raised to “Outperform” at BMO Capital Markets

Exchange Income (TSE:EIF) was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research report issued on Wednesday,BayStreet.CA reports. The brokerage currently has a C$120.00 target price on the stock, up from their previous target price of C$111.00. BMO Capital Markets’ target price points to a potential upside of 13.08% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. Scotiabank increased their price target on Exchange Income from C$121.00 to C$129.00 and gave the stock an “outperform” rating in a report on Monday, March 9th. Desjardins increased their price target on Exchange Income from C$116.00 to C$120.00 and gave the stock a “buy” rating in a report on Wednesday. Raymond James Financial boosted their target price on Exchange Income from C$110.00 to C$125.00 and gave the company a “strong-buy” rating in a research report on Thursday, February 26th. ATB Cormark Capital Markets boosted their target price on Exchange Income from C$120.00 to C$125.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Finally, Royal Bank Of Canada decreased their target price on Exchange Income from C$133.00 to C$127.00 and set an “outperform” rating for the company in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating and twelve have given a Buy rating to the company’s stock. According to MarketBeat, Exchange Income presently has a consensus rating of “Buy” and an average price target of C$122.19.

Exchange Income Trading Up 1.7%

Shares of EIF stock traded up C$1.76 during mid-day trading on Wednesday, hitting C$106.12. The company’s stock had a trading volume of 159,542 shares, compared to its average volume of 176,641. The company’s fifty day simple moving average is C$102.87 and its 200-day simple moving average is C$92.54. Exchange Income has a 52 week low of C$55.98 and a 52 week high of C$111.00. The company has a debt-to-equity ratio of 149.91, a quick ratio of 1.13 and a current ratio of 1.71. The company has a market cap of C$5.98 billion, a PE ratio of 34.01, a P/E/G ratio of 1.42 and a beta of 0.98.

Exchange Income (TSE:EIF) last posted its quarterly earnings results on Monday, May 11th. The company reported C$0.61 earnings per share (EPS) for the quarter. The firm had revenue of C$866.58 million for the quarter. Exchange Income had a return on equity of 10.61% and a net margin of 5.11%. As a group, equities research analysts expect that Exchange Income will post 3.9962963 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Duncan Draper Jessiman sold 3,000 shares of the business’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of C$101.80, for a total value of C$305,400.00. Following the completion of the sale, the director directly owned 6,080 shares of the company’s stock, valued at C$618,944. The trade was a 33.04% decrease in their position. 6.44% of the stock is owned by insiders.

About Exchange Income

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.