ATB Cormark Capital Markets Increases Exchange Income (TSE:EIF) Price Target to C$146.00

Exchange Income (TSE:EIF) had its target price boosted by stock analysts at ATB Cormark Capital Markets from C$125.00 to C$146.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price target points to a potential upside of 14.53% from the company’s previous close.

Several other analysts have also issued reports on the stock. Canadian Imperial Bank of Commerce lifted their target price on shares of Exchange Income from C$123.00 to C$141.00 and gave the company an “outperformer” rating in a research report on Wednesday, June 10th. Raymond James Financial upped their price target on shares of Exchange Income from C$130.00 to C$142.00 and gave the stock a “buy” rating in a research report on Thursday, June 4th. Royal Bank Of Canada lifted their price objective on Exchange Income from C$127.00 to C$150.00 and gave the stock an “outperform” rating in a report on Monday, June 29th. National Bank Financial boosted their price objective on Exchange Income from C$125.00 to C$144.00 and gave the stock an “outperform” rating in a research note on Thursday, July 9th. Finally, TD increased their target price on Exchange Income from C$125.00 to C$142.00 and gave the company a “buy” rating in a report on Monday, June 8th. Fourteen equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$131.39.

Exchange Income Stock Down 2.3%

TSE:EIF opened at C$127.48 on Wednesday. The company has a debt-to-equity ratio of 141.03, a current ratio of 1.64 and a quick ratio of 1.12. The company’s fifty day moving average price is C$122.58 and its 200-day moving average price is C$107.29. Exchange Income has a 1-year low of C$64.95 and a 1-year high of C$136.48. The firm has a market capitalization of C$7.18 billion, a P/E ratio of 36.74, a PEG ratio of 1.42 and a beta of 1.03.

Exchange Income (TSE:EIF) last announced its quarterly earnings results on Monday, May 11th. The company reported C$0.61 earnings per share (EPS) for the quarter. The company had revenue of C$866.58 million during the quarter. Exchange Income had a return on equity of 11.35% and a net margin of 5.41%. As a group, equities research analysts anticipate that Exchange Income will post 3.9962963 EPS for the current year.

Insiders Place Their Bets

In related news, Director Duncan Draper Jessiman sold 1,000 shares of the business’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of C$130.64, for a total transaction of C$130,640.00. Following the transaction, the director directly owned 5,080 shares in the company, valued at approximately C$663,651.20. The trade was a 16.45% decrease in their ownership of the stock. Insiders own 6.44% of the company’s stock.

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.