Brokerages Set Exchange Income Co. (TSE:EIF) Price Target at C$136.62

Exchange Income Co. (TSE:EIF) has earned an average recommendation of “Buy” from the thirteen ratings firms that are currently covering the firm, Marketbeat reports. Thirteen equities research analysts have rated the stock with a buy rating. The average 12 month target price among brokerages that have covered the stock in the last year is C$136.62.

Several research analysts have recently commented on the stock. Scotiabank raised their price objective on shares of Exchange Income from C$129.00 to C$145.00 in a research note on Thursday, July 16th. Royal Bank Of Canada upped their target price on shares of Exchange Income from C$127.00 to C$150.00 and gave the stock an “outperform” rating in a research note on Monday, June 29th. Canaccord Genuity Group increased 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 report on Wednesday, May 13th. TD raised their price target on shares of Exchange Income from C$125.00 to C$142.00 and gave the company a “buy” rating in a research report on Monday, June 8th. Finally, ATB Cormark Capital Markets boosted their price target on shares of Exchange Income from C$125.00 to C$146.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 15th.

Exchange Income Price Performance

EIF opened at C$128.83 on Tuesday. The stock’s 50-day moving average price is C$128.18 and its 200 day moving average price is C$111.64. Exchange Income has a 12-month low of C$66.34 and a 12-month high of C$136.48. The company has a current ratio of 1.64, a quick ratio of 1.12 and a debt-to-equity ratio of 141.03. The firm has a market cap of C$7.26 billion, a price-to-earnings ratio of 37.13, a PEG ratio of 1.42 and a beta of 1.03.

Exchange Income (TSE:EIF) last announced its 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%. As a group, sell-side analysts expect that Exchange Income will post 3.9962963 earnings per share for the current year.

Insider Activity

In other news, Director Duncan Draper Jessiman sold 1,000 shares of the 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 sale, the director directly owned 5,080 shares in the company, valued at approximately C$663,651.20. This trade represents a 16.45% decrease in their ownership of the stock. Insiders own 6.44% of the company’s stock.

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.