Exchange Income (TSE:EIF) Sets New 12-Month High – Still a Buy?

Exchange Income Co. (TSE:EIF)’s share price reached a new 52-week high on Monday . The stock traded as high as C$135.78 and last traded at C$135.64, with a volume of 33457 shares. The stock had previously closed at C$132.94.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Raymond James Financial upped their target price on shares of Exchange Income from C$130.00 to C$142.00 and gave the company a “buy” rating in a report on Thursday, June 4th. Paradigm Capital upped their price objective on Exchange Income from C$120.00 to C$122.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. BMO Capital Markets raised Exchange Income from a “market perform” rating to an “outperform” rating and raised their price objective for the company from C$111.00 to C$120.00 in a research report on Wednesday, May 13th. Desjardins lifted their target price on Exchange Income from C$116.00 to C$120.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Finally, Royal Bank Of Canada boosted their target price on Exchange Income from C$127.00 to C$150.00 and gave the stock an “outperform” rating in a report on Monday, June 29th. Fourteen analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$127.39.

Exchange Income Stock Performance

The stock’s 50-day simple moving average is C$117.55 and its 200-day simple moving average is C$104.34. The stock has a market cap of C$7.67 billion, a price-to-earnings ratio of 39.25, a price-to-earnings-growth ratio of 1.42 and a beta of 1.03. The company has a current ratio of 1.64, a quick ratio of 1.12 and a debt-to-equity ratio of 141.03.

Exchange Income (TSE:EIF) last released its quarterly earnings results on Monday, May 11th. The company reported C$0.61 earnings per share for the quarter. The company had revenue of C$866.58 million during the quarter. Exchange Income had a net margin of 5.41% and a return on equity of 11.35%. Analysts forecast that Exchange Income Co. 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 Exchange Income 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 completion of the transaction, the director directly owned 5,080 shares of the company’s stock, valued at C$663,651.20. The trade was a 16.45% decrease in their position. 6.44% of the stock is currently owned by company 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.