Exchange Income (TSE:EIF) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Exchange Income (TSE:EIF) had its price target hoisted by equities research analysts at Royal Bank Of Canada from C$127.00 to C$150.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 15.08% from the stock’s previous close.

EIF has been the topic of several other reports. Raymond James Financial lifted their price objective 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. BMO Capital Markets upgraded Exchange Income from a “market perform” rating to an “outperform” rating and lifted their price target for the company from C$111.00 to C$120.00 in a report on Wednesday, May 13th. Canadian Imperial Bank of Commerce boosted their price target on Exchange Income from C$123.00 to C$141.00 and gave the stock an “outperformer” rating in a research report on Wednesday, June 10th. Scotiabank upped their price objective on Exchange Income from C$121.00 to C$129.00 and gave the stock an “outperform” rating in a research note on Monday, March 9th. Finally, Desjardins raised their price objective on Exchange Income from C$116.00 to C$120.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Fourteen research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$127.39.

Exchange Income Trading Down 0.3%

Shares of TSE:EIF traded down C$0.44 during trading on Monday, reaching C$130.34. 67,330 shares of the company were exchanged, compared to its average volume of 179,224. The company has a debt-to-equity ratio of 141.03, a current ratio of 1.64 and a quick ratio of 1.12. The business’s fifty day simple moving average is C$114.73 and its 200-day simple moving average is C$102.61. The firm has a market capitalization of C$7.34 billion, a PE ratio of 37.56, a P/E/G ratio of 1.42 and a beta of 1.01. Exchange Income has a 12-month low of C$61.88 and a 12-month high of C$135.00.

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

Insider Activity

In related 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 value of C$305,400.00. Following the completion of the sale, the director directly owned 6,080 shares in the company, valued at C$618,944. This trade represents a 33.04% 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.