TD Securities Forecasts Strong Price Appreciation for Exchange Income (TSE:EIF) Stock

Exchange Income (TSE:EIF) had its price target increased by equities research analysts at TD Securities from C$68.00 to C$70.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price indicates a potential upside of 23.22% from the company’s current price.

A number of other equities research analysts have also recently weighed in on EIF. Scotiabank dropped their price target on Exchange Income from C$65.00 to C$64.00 in a research note on Friday, February 28th. Royal Bank of Canada dropped their price target on Exchange Income from C$71.00 to C$64.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 16th. CIBC upped their price objective on Exchange Income from C$69.00 to C$73.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Paradigm Capital set a C$69.00 price objective on Exchange Income and gave the company a “buy” rating in a report on Thursday, January 30th. Nine equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$70.50.

Exchange Income Stock Down 0.2%

EIF opened at C$56.81 on Thursday. Exchange Income has a 1-year low of C$43.08 and a 1-year high of C$59.32. The stock’s fifty day simple moving average is C$51.58 and its 200 day simple moving average is C$53.62. The company has a current ratio of 1.76, a quick ratio of 1.13 and a debt-to-equity ratio of 173.72. The stock has a market cap of C$2.83 billion, a PE ratio of 22.26, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04.

Insider Buying and Selling at Exchange Income

In related news, Director Edward Warkentin bought 1,011 shares of Exchange Income stock in a transaction dated Tuesday, March 4th. The shares were bought at an average cost of C$49.54 per share, with a total value of C$50,087.97. Also, Director Michael Pyle bought 4,000 shares of Exchange Income stock in a transaction dated Friday, February 28th. The shares were bought at an average cost of C$50.26 per share, for a total transaction of C$201,052.00. Insiders have bought a total of 30,311 shares of company stock valued at $1,510,455 in the last ninety days. 6.44% of the stock is currently owned by corporate insiders.

About Exchange Income

Exchange Income Corp is a diversified acquisition-oriented corporation focused on opportunities in two sectors, aerospace, aviation services and equipment, and manufacturing. The business plan of the corporation is to invest in profitable, well-established companies with strong cash flows operating in niche markets.