Exchange Income (TSE:EIF) Given New C$111.00 Price Target at BMO Capital Markets

Exchange Income (TSE:EIF) had its price objective increased by BMO Capital Markets from C$100.00 to C$111.00 in a report released on Thursday morning,BayStreet.CA reports. They currently have a market perform rating on the stock.

EIF has been the subject of several other reports. ATB Cormark Capital Markets lifted their price objective on shares of Exchange Income from C$120.00 to C$125.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Canaccord Genuity Group boosted their target price on shares of Exchange Income from C$109.00 to C$116.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Raymond James Financial boosted their target price on shares of Exchange Income from C$110.00 to C$125.00 and gave the company a “strong-buy” rating in a research note on Thursday, February 26th. Desjardins boosted their target price on shares of Exchange Income from C$87.00 to C$102.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Finally, Canadian Imperial Bank of Commerce boosted their target price on shares of Exchange Income from C$106.00 to C$120.00 and gave the company an “outperform” rating in a research note on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Exchange Income presently has a consensus rating of “Buy” and an average price target of C$115.88.

Exchange Income Stock Performance

Shares of TSE EIF opened at C$102.72 on Thursday. The company has a current ratio of 1.71, a quick ratio of 1.13 and a debt-to-equity ratio of 149.91. Exchange Income has a 12 month low of C$48.23 and a 12 month high of C$111.00. The company has a 50 day simple moving average of C$102.44 and a two-hundred day simple moving average of C$89.36. The stock has a market cap of C$5.79 billion, a price-to-earnings ratio of 32.92, a PEG ratio of 1.42 and a beta of 0.92.

Exchange Income (TSE:EIF) last announced its quarterly earnings data on Tuesday, February 24th. The company reported C$1.06 EPS for the quarter. Exchange Income had a net margin of 5.11% and a return on equity of 10.61%. The business had revenue of C$929.55 million during the quarter. As a group, analysts predict that Exchange Income will post 3.9962963 earnings per share for the current year.

Insider Activity

In related news, Director Duncan Draper Jessiman sold 3,000 shares of the business’s stock in a transaction on Tuesday, March 31st. The shares were 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 directly owned 6,080 shares in the company, valued at C$618,944. The trade was a 33.04% decrease in their position. 6.44% of the stock is currently owned by corporate insiders.

Exchange Income Company Profile

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.