Raymond James Financial Raises Exchange Income (TSE:EIF) Price Target to C$142.00

Exchange Income (TSE:EIF) had its price objective boosted by investment analysts at Raymond James Financial from C$130.00 to C$142.00 in a report released on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Raymond James Financial’s target price suggests a potential upside of 13.70% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. BMO Capital Markets upgraded shares of Exchange Income from a “market perform” rating to an “outperform” rating and raised their price target for the company from C$111.00 to C$120.00 in a report on Wednesday, May 13th. TD Securities raised their price target on shares of Exchange Income from C$102.00 to C$125.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Scotiabank raised their price target on shares of Exchange Income from C$121.00 to C$129.00 and gave the company an “outperform” rating in a report on Monday, March 9th. Desjardins raised their price target on shares of Exchange Income from C$116.00 to C$120.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Finally, Royal Bank Of Canada lowered their price target on shares of 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. Thirteen analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Exchange Income has a consensus rating of “Buy” and an average price target of C$123.12.

Exchange Income Stock Up 1.3%

TSE EIF traded up C$1.55 during trading on Thursday, reaching C$124.89. 138,664 shares of the company’s stock traded hands, compared to its average volume of 177,532. The company has a debt-to-equity ratio of 141.03, a current ratio of 1.64 and a quick ratio of 1.13. The firm has a market cap of C$7.03 billion, a price-to-earnings ratio of 35.99, a price-to-earnings-growth ratio of 1.42 and a beta of 0.98. The company’s 50 day simple moving average is C$106.69 and its two-hundred day simple moving average is C$96.68. Exchange Income has a 12-month low of C$55.98 and a 12-month high of C$124.89.

Exchange Income (TSE:EIF) last posted its earnings results on Monday, May 11th. The company reported C$0.61 EPS for the quarter. The business had revenue of C$866.58 million for the quarter. Exchange Income had a net margin of 5.41% and a return on equity of 11.35%. As a group, sell-side analysts forecast that Exchange Income will post 3.9962963 EPS for the current fiscal year.

Insider Buying and Selling

In other Exchange Income news, Director Duncan Draper Jessiman sold 3,000 shares of Exchange Income stock in a transaction that occurred on Tuesday, March 31st. The shares were 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 in the company, valued at approximately C$618,944. The trade was a 33.04% decrease in their position. 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.