Exchange Income Co. (TSE:EIF) Receives Average Recommendation of "Buy" from Brokerages

Key Points

• Analysts remain bullish: All 13 covering brokerages recommend buying Exchange Income, including 12 “Buy” and one “Strong Buy” rating. The average 12-month price target is C$145.92, above the reported C$121.64 opening price.
• Recent results were solid: Exchange Income reported quarterly earnings of C$1.13 per share and revenue of C$952.16 million, with a 5.53% net margin and 11.69% return on equity.
• Insiders have recently sold shares: Directors Donald Streuber and Duncan Draper Jessiman sold a combined 6,000 shares, while company insiders continue to own 6.44% of the stock.

Shares of Exchange Income Co. (TSE:EIF - Get Free Report) have been given a consensus recommendation of "Buy" by the thirteen analysts that are presently covering the company, Marketbeat.com reports. Twelve equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$145.92.

Several brokerages have commented on EIF. ATB Cormark Capital Markets lifted their price objective on shares of Exchange Income from C$146.00 to C$165.00 and gave the stock an "outperform" rating in a research report on Thursday, August 13th. TD increased their target price on shares of Exchange Income from C$142.00 to C$151.00 and gave the company a "buy" rating in a research report on Thursday, August 13th. Paradigm Capital raised 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. Royal Bank Of Canada raised their price target on shares of Exchange Income from C$150.00 to C$156.00 and gave the stock an "outperform" rating in a research note on Thursday, August 13th. Finally, Scotiabank lifted their price target on shares of Exchange Income from C$140.00 to C$150.00 and gave the stock a "sector outperform" rating in a report on Thursday, August 13th.

Exchange Income Trading Down 0.9%

Shares of Exchange Income stock opened at C$121.64 on Friday. The firm has a market cap of C$6.85 billion, a PE ratio of 32.96, a P/E/G ratio of 1.42 and a beta of 1.03. Exchange Income has a 1 year low of C$69.67 and a 1 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 fifty day moving average price of C$128.95 and a 200-day moving average price of C$115.02.

Exchange Income (TSE:EIF - Get Free Report) last issued its quarterly earnings results on Tuesday, August 11th. The company reported C$1.13 earnings per share 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 anticipate that Exchange Income will post 3.9962963 EPS for the current year.

Insiders Place Their Bets

In other news, Director Donald Streuber sold 5,000 shares of the company's stock in a transaction on Thursday, August 20th. The stock was sold at an average price of C$130.44, for a total transaction of C$652,200.00. Following the transaction, 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 Duncan Draper Jessiman sold 1,000 shares of the company's stock in a transaction on Monday, June 29th. The shares were sold at an average price of C$130.64, for a total value of C$130,640.00. Following the transaction, the director directly owned 5,080 shares in the company, valued at C$663,651.20. This represents a 16.45% decrease in their position. Company 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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