Exchange Income (TSE:EIF) Given New C$142.00 Price Target at TD

Exchange Income (TSE:EIF) had its price objective boosted by stock analysts at TD from C$125.00 to C$142.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD’s target price would suggest a potential upside of 16.23% from the stock’s current price.

EIF has been the subject of several other research reports. BMO Capital Markets raised shares of Exchange Income from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from C$111.00 to C$120.00 in a report on Wednesday, May 13th. Paradigm Capital increased their price objective on shares of Exchange Income from C$120.00 to C$122.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. National Bank Financial upped their price objective on shares of Exchange Income from C$110.00 to C$125.00 and gave the company an “outperform” rating in a research note on Thursday, February 26th. Royal Bank Of Canada dropped their price objective on Exchange Income from C$133.00 to C$127.00 and set an “outperform” rating on the stock in a report on Wednesday, May 13th. Finally, Canaccord Genuity Group increased their price target on Exchange Income from C$116.00 to C$129.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Fourteen equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$124.46.

Exchange Income Stock Performance

Shares of EIF traded up C$1.23 during midday trading on Monday, hitting C$122.17. 75,430 shares of the stock traded hands, compared to its average volume of 179,099. Exchange Income has a 1-year low of C$56.84 and a 1-year high of C$125.01. The firm has a market capitalization of C$6.88 billion, a PE ratio of 35.21, a price-to-earnings-growth ratio of 1.42 and a beta of 1.01. The company has a debt-to-equity ratio of 141.03, a quick ratio of 1.13 and a current ratio of 1.64. The business’s 50 day moving average price is C$107.43 and its two-hundred day moving average price is C$97.33.

Exchange Income (TSE:EIF) last announced its quarterly earnings results on Monday, May 11th. The company reported C$0.61 earnings per share (EPS) for the quarter. Exchange Income had a net margin of 5.41% and a return on equity of 11.35%. The company had revenue of C$866.58 million during the quarter. Equities research analysts predict that Exchange Income will post 3.9962963 EPS for the current fiscal year.

Insiders Place Their Bets

In other Exchange Income 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 transaction 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 approximately C$618,944. The trade was a 33.04% decrease in their position. Corporate insiders own 6.44% of the company’s stock.

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.