Exchange Income (TSE:EIF – Get Free Report) had its price objective increased by equities researchers at TD from C$142.00 to C$151.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD’s price target would indicate a potential upside of 11.30% from the company’s current price.
A number of other equities analysts have also issued reports on the stock. National Bank Financial increased their target price on shares of Exchange Income from C$125.00 to C$144.00 and gave the company an “outperform” rating in a research report on Thursday, July 9th. Raymond James Financial increased 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. Royal Bank Of Canada raised their price objective on shares of Exchange Income from C$127.00 to C$150.00 and gave the company an “outperform” rating in a research note on Monday, June 29th. Canadian Imperial Bank of Commerce boosted their target price on Exchange Income from C$141.00 to C$151.00 in a report on Thursday. Finally, BMO Capital Markets upped their target price on Exchange Income from C$140.00 to C$152.00 in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the stock. Based on data from MarketBeat, Exchange Income presently has an average rating of “Buy” and an average target price of C$145.92.
Get Our Latest Analysis on Exchange Income
Exchange Income Stock Performance
Exchange Income (TSE:EIF – Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The company reported C$1.13 earnings per share (EPS) for the quarter. The company had revenue of C$952.16 million during the quarter. Exchange Income had a return on equity of 11.35% and a net margin of 5.41%. On average, equities analysts forecast that Exchange Income will post 3.9962963 EPS for the current year.
Insider Transactions at Exchange Income
In other Exchange Income news, Director Duncan Draper Jessiman sold 1,000 shares of the business’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of C$130.64, for a total value of C$130,640.00. Following the sale, the director directly owned 5,080 shares in the company, valued at approximately C$663,651.20. The trade was a 16.45% decrease in their ownership of the stock. 6.44% of the stock is currently owned by 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.
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