Exchange Income Co. (TSE:EIF) Stock Has Average Target Price of C$145.92 According to Analysts

Key Points

• Analysts are broadly bullish: all 13 covering analysts recommend buying Exchange Income, including one strong-buy rating, with an average 12-month target price of C$145.92.
• Several major firms recently raised their price targets, including ATB Cormark to C$165, CIBC to C$151, Scotiabank to C$150, BMO to C$152, and Raymond James to C$150.
• The stock opened at C$116.57, while the company reported quarterly revenue of C$952.16 million and earnings of C$1.13 per share; insiders own 6.44% of outstanding shares and recent insider transactions were mixed.

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

A number of research firms recently commented on EIF. ATB Cormark Capital Markets upped 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 research report on Thursday, August 13th. Canadian Imperial Bank of Commerce lifted their price target on Exchange Income from C$141.00 to C$151.00 in a research note on Thursday, August 13th. Scotiabank boosted their price target on Exchange Income from C$140.00 to C$150.00 and gave the company a "sector outperform" rating in a report on Thursday, August 13th. BMO Capital Markets upped their price objective on Exchange Income from C$140.00 to C$152.00 in a research report on Thursday, August 13th. Finally, Raymond James Financial upped their price objective on Exchange Income from C$142.00 to C$150.00 and gave the stock a "strong-buy" rating in a research report on Thursday, August 13th.

Insider Activity at Exchange Income

In other news, Director Donald Streuber sold 5,000 shares of the firm's stock in a transaction that occurred 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 approximately C$36,431,761.56. This trade represents a 1.76% decrease in their ownership of the stock. Also, Director Michael Pyle bought 1,000 shares of Exchange Income 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 acquisition, the director owned 20,337 shares in the company, valued at C$2,378,005.41. This represents a 5.17% increase in their position. Insiders have bought a total of 1,534 shares of company stock valued at $181,356 over the last quarter. 6.44% of the stock is currently owned by corporate insiders.

Exchange Income Price Performance

Shares of TSE:EIF opened at C$116.57 on Friday. The company's fifty day moving average is C$121.53 and its two-hundred day moving average is C$119.19. The company has a market cap of C$6.57 billion, a P/E ratio of 31.59, a price-to-earnings-growth ratio of 1.42 and a beta of 0.83. Exchange Income has a 12-month low of C$73.81 and a 12-month high of C$136.75. The company has a quick ratio of 1.12, a current ratio of 1.63 and a debt-to-equity ratio of 141.68.

Exchange Income (TSE:EIF - Get Free Report) last posted its earnings results on Tuesday, August 11th. The company reported C$1.13 earnings per share for the quarter. Exchange Income had a return on equity of 11.69% and a net margin of 5.53%. The company had revenue of C$952.16 million for the quarter. Equities analysts expect that Exchange Income will post 4.00 earnings per share for the current fiscal year.

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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