Exchange Income Co. (TSE:EIF) Given Consensus Recommendation of "Buy" by Analysts

Key Points

• Analysts are broadly bullish: all 13 covering analysts rate Exchange Income “Buy” or “Strong Buy,” with an average 12-month price target of C$145.92.
• Several firms recently raised their price targets, including RBC to C$156, BMO Capital Markets to C$152, CIBC to C$151, and Canaccord Genuity and Scotiabank to C$150.
• Exchange Income reported quarterly EPS of C$1.13 on revenue of C$952.16 million. The stock opened at C$119.56, while recent insider activity included 9,500 shares sold and 1,534 shares purchased over three months.

Exchange Income Co. (TSE:EIF - Get Free Report) has earned a consensus recommendation of "Buy" from the thirteen analysts that are currently covering the stock, Marketbeat reports. Twelve investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$145.92.

A number of equities research analysts recently weighed in on EIF shares. Royal Bank Of Canada lifted their price objective on shares of Exchange Income from C$150.00 to C$156.00 and gave the company an "outperform" rating in a report on Thursday, August 13th. Canaccord Genuity Group lifted their price objective on shares of Exchange Income from C$129.00 to C$150.00 and gave the company a "buy" rating in a report on Thursday, August 13th. Canadian Imperial Bank of Commerce boosted 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 increased their price target 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, BMO Capital Markets increased their price objective on Exchange Income from C$140.00 to C$152.00 in a report on Thursday, August 13th.

Exchange Income Trading Up 1.5%

Shares of EIF stock opened at C$119.56 on Wednesday. The stock has a fifty day simple moving average of C$124.49 and a two-hundred day simple moving average of C$117.09. The firm has a market capitalization of C$6.74 billion, a PE ratio of 32.40, a PEG ratio of 1.42 and a beta of 0.94. Exchange Income has a 52-week low of C$70.90 and a 52-week high of C$136.75. The company has a debt-to-equity ratio of 141.68, a quick ratio of 1.12 and a current ratio of 1.63.

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

Insider Buying and Selling

In other Exchange Income news, Director Donald Streuber sold 5,000 shares of the 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 completion of the sale, the director owned 279,299 shares of the company's stock, valued at C$36,431,761.56. This represents a 1.76% decrease in their position. Also, Director Michael Pyle purchased 1,000 shares of the business's stock in a transaction on Thursday, September 3rd. The stock was purchased at an average cost of C$116.93 per share, for a total transaction of C$116,930.00. Following the acquisition, the director owned 20,337 shares in the company, valued at approximately C$2,378,005.41. The trade was a 5.17% increase in their ownership of the stock. Over the last three months, insiders have bought 1,534 shares of company stock valued at $181,356 and have sold 9,500 shares valued at $1,204,485. 6.44% of the stock is owned by 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.

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