ATB Cormark Capital Markets Issues Positive Forecast for Exchange Income (TSE:EIF) Stock Price

Exchange Income (TSE:EIFGet Free Report) had its price target boosted by equities researchers at ATB Cormark Capital Markets from C$146.00 to C$165.00 in a report released on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price objective suggests a potential upside of 21.62% from the company’s current price.

A number of other brokerages have also commented on EIF. Scotiabank increased their price objective on shares of Exchange Income from C$140.00 to C$150.00 and gave the stock a “sector outperform” rating in a report on Thursday. National Bank Financial upped their price objective on Exchange Income from C$144.00 to C$145.00 and gave the company an “outperform” rating in a report on Thursday. TD lifted their price target on shares of Exchange Income from C$142.00 to C$151.00 and gave the stock a “buy” rating in a research report on Thursday. Paradigm Capital raised their target price on shares of Exchange Income from C$120.00 to C$122.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Finally, Royal Bank Of Canada upped their price objective on Exchange Income from C$150.00 to C$156.00 and gave the stock an “outperform” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating and twelve have given a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$145.92.

Read Our Latest Report on Exchange Income

Exchange Income Price Performance

EIF traded up C$0.24 during midday trading on Thursday, reaching C$135.67. 101,343 shares of the company’s stock were exchanged, compared to its average volume of 174,114. The company has a quick ratio of 1.12, a current ratio of 1.64 and a debt-to-equity ratio of 141.03. The firm has a market capitalization of C$7.64 billion, a price-to-earnings ratio of 39.10, a price-to-earnings-growth ratio of 1.42 and a beta of 1.03. Exchange Income has a one year low of C$69.67 and a one year high of C$136.75. The business has a 50-day simple moving average of C$128.73 and a two-hundred day simple moving average of C$112.60.

Exchange Income (TSE:EIFGet Free Report) last released its quarterly earnings data on Tuesday, August 11th. The company reported C$1.13 earnings per share (EPS) for the quarter. Exchange Income had a return on equity of 11.35% and a net margin of 5.41%.The firm had revenue of C$952.16 million during the quarter. As a group, research analysts predict that Exchange Income will post 3.9962963 EPS for the current year.

Insider Buying and Selling

In other news, Director Duncan Draper Jessiman sold 1,000 shares of Exchange Income 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 completion of the transaction, the director owned 5,080 shares of the company’s stock, valued at C$663,651.20. This trade represents a 16.45% decrease in their position. 6.44% of the stock is currently owned by corporate insiders.

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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Analyst Recommendations for Exchange Income (TSE:EIF)

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