Exchange Income (TSE:EIF) Given a C$145.00 Price Target by National Bank Financial Analysts

Key Points

• National Bank Financial assigned Exchange Income a C$145.00 price target and “outperform” rating, implying 21.72% upside from the prior close.
• Analyst sentiment is broadly positive: the stock has an average “Buy” rating and a consensus target of C$145.92, with recent target increases ranging as high as C$165.00.
• Exchange Income shares rose 1.8% to C$119.13, while the company reported quarterly EPS of C$1.13 on revenue of C$952.16 million. Insider activity was mixed, with one director selling shares and another purchasing them.

Exchange Income (TSE:EIF - Get Free Report) has been given a C$145.00 target price by National Bank Financial in a research note issued to investors on Thursday, BayStreet reports. The firm currently has an "outperform" rating on the stock. National Bank Financial's target price points to a potential upside of 21.72% from the company's previous close.

Other research analysts have also issued research reports about the stock. BMO Capital Markets raised their target price on shares of Exchange Income from C$140.00 to C$152.00 in a research note on Thursday, August 13th. ATB Cormark Capital Markets increased their price objective on shares of Exchange Income from C$146.00 to C$165.00 and gave the company an "outperform" rating in a report on Thursday, August 13th. Canadian Imperial Bank of Commerce raised their price objective on shares of Exchange Income from C$141.00 to C$151.00 in a research note on Thursday, August 13th. Scotiabank upped their target price on shares of Exchange Income from C$140.00 to C$150.00 and gave the company a "sector outperform" rating in a research report on Thursday, August 13th. Finally, Canaccord Genuity Group increased their price target on Exchange Income from C$129.00 to C$150.00 and gave the company a "buy" rating in a research note on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and an average target price of C$145.92.

Exchange Income Trading Up 1.8%

Shares of EIF stock traded up C$2.11 on Thursday, reaching C$119.13. 131,374 shares of the stock were exchanged, compared to its average volume of 165,025. The stock has a market cap of C$6.72 billion, a PE ratio of 32.28, a P/E/G ratio of 1.42 and a beta of 0.83. Exchange Income has a one year low of C$73.81 and a one year high of C$136.75. The company has a debt-to-equity ratio of 141.68, a current ratio of 1.63 and a quick ratio of 1.12. The stock has a 50 day moving average price of C$123.13 and a 200 day moving average price of C$118.63.

Exchange Income (TSE:EIF - Get Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The company reported C$1.13 earnings per share (EPS) for the quarter. The business had revenue of C$952.16 million for the quarter. Exchange Income had a return on equity of 11.69% and a net margin of 5.53%. Equities research analysts forecast that Exchange Income will post 3.9962963 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Donald Streuber sold 5,000 shares of Exchange Income stock in a transaction on Thursday, August 20th. The shares were sold at an average price of C$130.44, for a total transaction of C$652,200.00. Following the transaction, the director directly owned 279,299 shares of the company's stock, valued at C$36,431,761.56. This trade represents a 1.76% decrease in their ownership of the stock. Also, Director Michael Pyle purchased 1,000 shares of Exchange Income stock in a transaction dated Thursday, September 3rd. The shares were purchased at an average cost of C$116.93 per share, for a total transaction of C$116,930.00. Following the completion of the transaction, the director owned 20,337 shares of the company's stock, valued at approximately C$2,378,005.41. This represents a 5.17% increase in their ownership of the stock. In the last 90 days, insiders have purchased 1,534 shares of company stock valued at $181,356. Corporate 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.

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