Exchange Income Co. (TSE:EIF) Given Consensus Rating of “Buy” by Brokerages

Shares of Exchange Income Co. (TSE:EIF) have received a consensus rating of “Buy” from the thirteen research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$116.96.

A number of research analysts have recently weighed in on the stock. Scotiabank raised their price objective on shares of Exchange Income from C$121.00 to C$129.00 and gave the stock an “outperform” rating in a research note on Monday, March 9th. Canaccord Genuity Group raised their price objective on shares of Exchange Income from C$109.00 to C$116.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Royal Bank Of Canada raised their price objective on shares of Exchange Income from C$103.00 to C$133.00 and gave the stock an “outperform” rating in a research note on Thursday, February 26th. Raymond James Financial raised their price objective on shares of Exchange Income from C$110.00 to C$125.00 and gave the stock a “strong-buy” rating in a research note on Thursday, February 26th. Finally, Canadian Imperial Bank of Commerce raised their price objective on shares of Exchange Income from C$106.00 to C$120.00 and gave the stock an “outperform” rating in a research note on Thursday, February 26th.

Insider Transactions at Exchange Income

In related news, Director Duncan Draper Jessiman sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of C$101.80, for a total transaction of C$305,400.00. Following the sale, the director owned 6,080 shares in the company, valued at approximately C$618,944. This trade represents a 33.04% decrease in their ownership of the stock. Company insiders own 6.44% of the company’s stock.

Exchange Income Trading Up 0.2%

Shares of EIF opened at C$102.89 on Friday. The company has a debt-to-equity ratio of 149.91, a current ratio of 1.71 and a quick ratio of 1.13. The firm has a 50 day simple moving average of C$103.07 and a 200-day simple moving average of C$90.70. Exchange Income has a 1-year low of C$49.51 and a 1-year high of C$111.00. The stock has a market cap of C$5.80 billion, a price-to-earnings ratio of 32.98, a price-to-earnings-growth ratio of 1.42 and a beta of 0.92.

Exchange Income (TSE:EIF) last issued its quarterly earnings data on Tuesday, February 24th. The company reported C$1.06 earnings per share 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. Equities analysts forecast that Exchange Income will post 3.9962963 EPS for the current fiscal year.

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.