Exchange Income (TSE:EIF) Upgraded at BMO Capital Markets

BMO Capital Markets upgraded shares of Exchange Income (TSE:EIF – Free Report) from a market perform rating to an outperform rating in a report released on Wednesday morning, Marketbeat reports. They currently have C$120.00 target price on the stock, up from their prior target price of C$111.00.

Several other research firms also recently issued reports on EIF. 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 research note on Thursday, February 26th. Scotiabank increased their price objective on Exchange Income from C$121.00 to C$129.00 and gave the company an “outperform” rating in a report on Monday, March 9th. Ventum Financial raised their target price on Exchange Income from C$110.00 to C$135.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Canaccord Genuity Group lifted their target price on Exchange Income from C$116.00 to C$129.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Desjardins upped their price target on Exchange Income from C$116.00 to C$120.00 and gave the company a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$122.19.

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Exchange Income Trading Down 0.4%

EIF opened at C$106.74 on Wednesday. The stock has a market capitalization of C$6.01 billion, a price-to-earnings ratio of 30.76, a P/E/G ratio of 1.42 and a beta of 0.98. The company has a quick ratio of 1.13, a current ratio of 1.64 and a debt-to-equity ratio of 141.03. Exchange Income has a twelve month low of C$55.98 and a twelve month high of C$111.00. The company has a 50-day simple moving average of C$103.02 and a 200 day simple moving average of C$93.04.

Exchange Income (TSE:EIF – Get Free Report) last announced its quarterly earnings data on Monday, May 11th. The company reported C$0.61 earnings per share for the quarter. The business 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%. Analysts predict that Exchange Income will post 3.9962963 EPS for the current fiscal year.

Insiders Place Their Bets

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 stock was sold at an average price of C$101.80, for a total transaction of C$305,400.00. Following the transaction, the director owned 6,080 shares of the company’s stock, valued at C$618,944. The trade was a 33.04% decrease in their ownership of the stock. Insiders own 6.44% of the company’s stock.

Exchange Income Company Profile

(Get Free Report)

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.

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