Ventum Capital Reiterates C$150.00 Price Target for Exchange Income (TSE:EIF)

Ventum Capital set a C$150.00 target price on Exchange Income (TSE:EIF) in a research report sent to investors on Tuesday,BayStreet reports. The firm currently has a buy rating on the stock.

A number of other equities research analysts also recently issued reports on the stock. Scotiabank boosted their target price on shares of Exchange Income from C$140.00 to C$150.00 and gave the company a “sector outperform” rating in a report on Thursday, August 13th. TD boosted their price objective on shares of Exchange Income from C$142.00 to C$151.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. BMO Capital Markets upped their price objective on Exchange Income from C$140.00 to C$152.00 in a report on Thursday, August 13th. Canaccord Genuity Group increased their target price on Exchange Income from C$129.00 to C$150.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Finally, Raymond James Financial increased their target price on Exchange Income from C$142.00 to C$150.00 and gave the stock a “strong-buy” rating in a research report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$146.21.

Exchange Income Trading Down 3.4%

Shares of EIF opened at C$115.57 on Tuesday. Exchange Income has a fifty-two week low of C$73.81 and a fifty-two week high of C$136.75. The stock has a fifty day moving average of C$117.74 and a two-hundred day moving average of C$114.36. The company has a debt-to-equity ratio of 141.68, a quick ratio of 1.12 and a current ratio of 1.63. The company has a market capitalization of C$6.52 billion, a PE ratio of 31.32, a price-to-earnings-growth ratio of 1.42 and a beta of 0.70.

Exchange Income (TSE:EIF) last released its earnings results on Tuesday, August 11th. The company reported C$1.13 EPS for the quarter. Exchange Income had a return on equity of 11.69% and a net margin of 5.53%. The firm had revenue of C$952.16 million during the quarter. As a group, analysts forecast that Exchange Income will post 4.00 EPS for the current year.

Insider Activity at Exchange Income

In other Exchange Income news, Director Michael Pyle acquired 1,000 shares of the firm’s stock in a transaction on Thursday, September 3rd. The stock was purchased at an average price of C$116.93 per share, with a total value of C$116,930.00. Following the completion of the acquisition, the director directly owned 20,337 shares in the company, valued at C$2,378,005.41. This trade represents a 5.17% increase in their position. Also, Director Donald Streuber sold 3,500 shares of Exchange Income stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of C$120.47, for a total transaction of C$421,645.00. Following the completion of the transaction, the director directly owned 27,368 shares of the company’s stock, valued at C$3,297,022.96. This trade represents a 11.34% decrease in their ownership of the stock. Over the last three months, insiders have purchased 1,534 shares of company stock worth $181,356. Corporate 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.