Exchange Income Co. (TSE:EIF) Receives Average Rating of “Buy” from Brokerages

Exchange Income Co. (TSE:EIF) has been assigned an average rating of “Buy” from the thirteen analysts that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$115.04.

Several analysts have recently weighed in on the company. TD Securities lifted their price objective on Exchange Income from C$102.00 to C$125.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Scotiabank raised their target price on Exchange Income from C$121.00 to C$129.00 and gave the stock an “outperform” rating in a research report on Monday, March 9th. Canadian Imperial Bank of Commerce lifted their price target 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. BMO Capital Markets boosted their price target on shares of Exchange Income from C$80.00 to C$100.00 and gave the company a “market perform” rating in a report on Thursday, February 26th. Finally, Canaccord Genuity Group increased 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.

Insiders Place Their Bets

In related news, Director Duncan Draper Jessiman sold 3,000 shares of the stock in a transaction dated 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 owned 6,080 shares of the company’s stock, valued at C$618,944. This represents a 33.04% decrease in their ownership of the stock. 6.44% of the stock is currently owned by insiders.

Exchange Income Stock Up 2.6%

TSE EIF opened at C$104.39 on Wednesday. Exchange Income has a twelve month low of C$45.00 and a twelve month high of C$111.00. The stock has a market cap of C$5.86 billion, a PE ratio of 33.46, a PEG ratio of 1.42 and a beta of 0.93. The firm has a 50-day simple moving average of C$100.65 and a 200 day simple moving average of C$86.79. The company has a debt-to-equity ratio of 149.91, a quick ratio of 1.13 and a current ratio of 1.71.

Exchange Income (TSE:EIF) last issued its quarterly 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 firm had revenue of C$929.55 million for the quarter. On average, research analysts forecast that Exchange Income will post 3.9962963 EPS for the current 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.