Exchange Income (TSE:EIF) Stock Price Expected to Rise, Scotiabank Analyst Says

Exchange Income (TSE:EIF) had its target price hoisted by analysts at Scotiabank from C$129.00 to C$145.00 in a report issued on Thursday,BayStreet.CA reports. Scotiabank’s price objective indicates a potential upside of 13.55% from the company’s previous close.

EIF has been the topic of a number of other research reports. Desjardins lifted their price target on shares of Exchange Income from C$116.00 to C$120.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Raymond James Financial raised their target price on 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. Paradigm Capital lifted their price objective on Exchange Income from C$120.00 to C$122.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. National Bank Financial lifted their price target on shares of Exchange Income from C$125.00 to C$144.00 and gave the company an “outperform” rating in a report on Thursday, July 9th. Finally, BMO Capital Markets raised Exchange Income from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from C$111.00 to C$120.00 in a report on Wednesday, May 13th. Fourteen analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$131.39.

Exchange Income Trading Up 0.2%

Exchange Income stock opened at C$127.70 on Thursday. The business has a 50 day moving average price of C$123.15 and a two-hundred day moving average price of C$107.43. The company has a quick ratio of 1.12, a current ratio of 1.64 and a debt-to-equity ratio of 141.03. Exchange Income has a 12 month low of C$64.95 and a 12 month high of C$136.48. The stock has a market cap of C$7.19 billion, a price-to-earnings ratio of 36.80, a price-to-earnings-growth ratio of 1.42 and a beta of 1.03.

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

Insider Buying and Selling at Exchange Income

In other news, Director Duncan Draper Jessiman sold 1,000 shares of the firm’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of C$130.64, for a total value of C$130,640.00. Following the transaction, the director directly owned 5,080 shares in the company, valued at C$663,651.20. This trade represents a 16.45% decrease in their position. 6.44% of the stock is currently owned by company insiders.

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.