Exchange Income Co. (EIF.TO) - What Are Investment Firms Thinking About This Stock?

Key Points

• Analysts are broadly bullish on Exchange Income: all 14 covering brokerages rate it Buy or Strong Buy, with an average one-year price target of C$146.21.
• Several firms recently raised their targets, including CIBC to C$151 and Raymond James and Scotiabank to C$150; shares opened at C$124.28 in the report.
• The company reported quarterly EPS of C$1.13 on C$952.16 million in revenue. Recent insider activity was mixed: one director sold 3,500 shares, while another bought 1,000.

Shares of Exchange Income Co. (TSE:EIF - Get Free Report) have earned a consensus recommendation of "Buy" from the fourteen brokerages that are covering the stock, MarketBeat Ratings reports. Thirteen research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$146.21.

EIF has been the subject of a number of analyst reports. Raymond James Financial boosted their price objective on Exchange Income from C$142.00 to C$150.00 and gave the company a "strong-buy" rating in a research report on Thursday, August 13th. Canadian Imperial Bank of Commerce increased their target price on Exchange Income from C$141.00 to C$151.00 in a research report on Thursday, August 13th. Scotiabank raised their target price on Exchange Income from C$140.00 to C$150.00 and gave the company a "sector outperform" rating in a research note on Thursday, August 13th. National Bank Financial set a C$145.00 price target on shares of Exchange Income and gave the company an "outperform" rating in a report on Thursday, October 8th. Finally, Ventum Capital set a C$150.00 price objective on Exchange Income and gave the stock a "buy" rating in a report on Tuesday, November 3rd.

Exchange Income Price Performance

EIF opened at C$124.28 on Thursday. Exchange Income has a twelve month low of C$74.36 and a twelve month high of C$136.75. The firm has a market cap of C$7.00 billion, a price-to-earnings ratio of 33.68, a PEG ratio of 1.42 and a beta of 0.70. The company has a current ratio of 1.63, a quick ratio of 1.12 and a debt-to-equity ratio of 141.68. The company has a fifty day simple moving average of C$117.88 and a 200 day simple moving average of C$114.88.

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 company had revenue of C$952.16 million for the quarter. Exchange Income had a net margin of 5.53% and a return on equity of 11.69%. Equities research analysts expect that Exchange Income will post 4.00 EPS for the current fiscal year.

Insider Transactions at Exchange Income

In other news, Director Donald Streuber sold 3,500 shares of the firm's stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of C$120.47, for a total transaction of C$421,645.00. Following the completion of the sale, the director directly owned 27,368 shares of the company's stock, valued at C$3,297,022.96. This trade represents a 11.34% decrease in their position. Also, Director Michael Pyle bought 1,000 shares of the business's stock in a transaction dated Thursday, September 3rd. The shares were bought 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 directly owned 20,337 shares of the company's stock, valued at C$2,378,005.41. This trade represents a 5.17% increase in their ownership of the stock. Insiders acquired a total of 1,534 shares of company stock valued at $181,356 over the last three months. 6.44% of the stock is owned by corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.