Desjardins Issues Positive Forecast for Exchange Income (TSE:EIF) Stock Price

Exchange Income (TSE:EIF) had its price objective raised by Desjardins from C$120.00 to C$135.00 in a research report released on Wednesday morning,BayStreet.CA reports.

A number of other equities research analysts have also recently commented on EIF. TD increased their target price on Exchange Income from C$125.00 to C$142.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. BMO Capital Markets upgraded shares of Exchange Income from a “market perform” rating to an “outperform” rating and upped their price target for the stock from C$111.00 to C$120.00 in a research note on Wednesday, May 13th. Paradigm Capital upped their price target on shares of Exchange Income from C$120.00 to C$122.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. National Bank Financial increased their price objective on shares of Exchange Income from C$125.00 to C$144.00 and gave the company an “outperform” rating in a research report on Thursday, July 9th. Finally, Royal Bank Of Canada raised their price objective on shares of Exchange Income from C$127.00 to C$150.00 and gave the company an “outperform” rating in a research note on Monday, June 29th. Fourteen equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$132.46.

Exchange Income Price Performance

EIF stock opened at C$127.63 on Wednesday. The firm has a 50 day moving average price of C$124.67 and a 200-day moving average price of C$108.56. Exchange Income has a 52-week low of C$64.95 and a 52-week high of C$136.48. The firm has a market capitalization of C$7.19 billion, a price-to-earnings ratio of 36.78, a PEG ratio of 1.42 and a beta of 1.03. The company has a debt-to-equity ratio of 141.03, a quick ratio of 1.12 and a current ratio of 1.64.

Exchange Income (TSE:EIF) last issued its quarterly earnings results on Monday, May 11th. The company reported C$0.61 EPS for the quarter. The firm 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%. Equities research analysts forecast that Exchange Income will post 3.9962963 EPS for the current fiscal year.

Insider Activity at Exchange Income

In other Exchange Income news, Director Duncan Draper Jessiman sold 1,000 shares of Exchange Income 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 completion of the sale, the director owned 5,080 shares of the company’s stock, valued at approximately C$663,651.20. This trade represents a 16.45% decrease in their position. Insiders own 6.44% of the company’s stock.

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.