Exchange Income (TSE:EIF – Get Free Report) had its price target raised by Desjardins from C$116.00 to C$120.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price objective indicates a potential upside of 13.08% from the company’s previous close.
Several other brokerages have also recently issued reports on EIF. National Bank Financial upped their target price on Exchange Income from C$110.00 to C$125.00 and gave the company an “outperform” rating in a report on Thursday, February 26th. Paradigm Capital increased their price target on Exchange Income from C$120.00 to C$122.00 and gave the stock a “buy” rating in a report on Wednesday. Royal Bank Of Canada lowered their price target on Exchange Income from C$133.00 to C$127.00 and set an “outperform” rating for the company in a report on Wednesday. BMO Capital Markets increased their price target on Exchange Income from C$100.00 to C$111.00 and gave the stock a “market perform” rating in a report on Thursday, April 16th. Finally, Raymond James Financial increased their price target on Exchange Income from C$110.00 to C$125.00 and gave the stock a “strong-buy” rating in a report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating and twelve have given a Buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$122.19.
Check Out Our Latest Research Report on EIF
Exchange Income Trading Up 1.7%
Exchange Income (TSE:EIF – Get Free Report) last issued its earnings results on Monday, May 11th. The company reported C$0.61 earnings per share (EPS) for the quarter. The company had revenue of C$866.58 million during the quarter. Exchange Income had a return on equity of 10.61% and a net margin of 5.11%. Sell-side analysts expect that Exchange Income will post 3.9962963 earnings per share for the current year.
Insider Activity
In other news, Director Duncan Draper Jessiman sold 3,000 shares of Exchange Income stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of C$101.80, for a total value of C$305,400.00. Following the completion of the transaction, the director owned 6,080 shares in the company, valued at approximately C$618,944. This trade represents 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.
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