Exchange Income Co. (TSE:EIF – Get Free Report) has received an average rating of “Buy” from the thirteen brokerages that are covering the stock, MarketBeat.com reports. Twelve analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$145.92.
Several equities research analysts recently issued reports on EIF shares. Raymond James Financial lifted their price objective on Exchange Income from C$142.00 to C$150.00 and gave the company a “strong-buy” rating in a research note on Thursday, August 13th. Canadian Imperial Bank of Commerce raised their price target on Exchange Income from C$141.00 to C$151.00 in a report on Thursday, August 13th. Desjardins raised their price target on Exchange Income from C$135.00 to C$145.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. Scotiabank boosted their price objective on Exchange Income from C$140.00 to C$150.00 and gave the stock a “sector outperform” rating in a report on Thursday, August 13th. Finally, Royal Bank Of Canada upped their price objective on shares of Exchange Income from C$150.00 to C$156.00 and gave the stock an “outperform” rating in a research report on Thursday, August 13th.
View Our Latest Report on Exchange Income
Insiders Place Their Bets
In related news, Director Donald Streuber sold 5,000 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of C$130.44, for a total value of C$652,200.00. Following the completion of the transaction, the director directly owned 279,299 shares in the company, valued at approximately C$36,431,761.56. The trade was a 1.76% decrease in their ownership of the stock. Also, Director Michael Pyle purchased 1,000 shares of the stock in a transaction on Thursday, September 3rd. The shares were purchased at an average price of C$116.93 per share, for a total transaction of C$116,930.00. Following the transaction, the director directly owned 20,337 shares of the company’s stock, valued at approximately C$2,378,005.41. This represents a 5.17% increase in their ownership of the stock. Insiders bought a total of 1,534 shares of company stock worth $181,356 in the last three months. Insiders own 6.44% of the company’s stock.
Exchange Income Trading Down 1.4%
Shares of EIF opened at C$114.21 on Friday. The business’s 50-day moving average price is C$120.21 and its 200-day moving average price is C$119.57. The stock has a market cap of C$6.43 billion, a PE ratio of 30.95, a P/E/G ratio of 1.42 and a beta of 0.83. Exchange Income has a twelve month low of C$73.81 and a twelve month high of C$136.75. The company has a quick ratio of 1.12, a current ratio of 1.63 and a debt-to-equity ratio of 141.68.
Exchange Income (TSE:EIF – Get Free Report) last posted its earnings results on Tuesday, August 11th. The company reported C$1.13 earnings per share for the quarter. Exchange Income had a net margin of 5.53% and a return on equity of 11.69%. The business had revenue of C$952.16 million for the quarter. On average, equities analysts forecast that Exchange Income will post 4.00 EPS for the current fiscal year.
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.
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