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

Exchange Income (TSE:EIF) had its price objective hoisted by equities researchers at Desjardins from C$114.00 to C$116.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ target price indicates a potential upside of 12.95% from the stock’s previous close.

A number of other research firms have also weighed in on EIF. Canaccord Genuity Group raised their price objective 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. National Bank Financial boosted their target price on shares of Exchange Income from C$110.00 to C$125.00 and gave the stock an “outperform” rating in a research report on Thursday, February 26th. Raymond James Financial upped their target price on shares of 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. ATB Cormark Capital Markets raised their price target on shares of Exchange Income from C$120.00 to C$125.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Finally, Canadian Imperial Bank of Commerce lifted their price target on 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 research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$116.96.

Exchange Income Trading Up 0.4%

TSE EIF opened at C$102.70 on Wednesday. The company has a quick ratio of 1.13, a current ratio of 1.71 and a debt-to-equity ratio of 149.91. Exchange Income has a 52 week low of C$49.51 and a 52 week high of C$111.00. The business has a 50 day moving average price of C$102.97 and a 200-day moving average price of C$90.40. The company has a market cap of C$5.78 billion, a price-to-earnings ratio of 32.92, a P/E/G ratio of 1.42 and a beta of 0.92.

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

Insider Buying and Selling at Exchange Income

In other news, Director Duncan Draper Jessiman sold 3,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the director 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 owned by 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.