Exchange Income Co. (TSE:EIF) Given Consensus Rating of "Buy" by Brokerages

Key Points

• Shares of Exchange Income have a consensus rating of Buy from 13 analysts (11 buys, 1 strong buy, 1 hold) with an average 1-year target of C$116.96.
• Several brokers recently raised their targets and outlooks—notably RBC to C$133 and Scotiabank to C$129—signaling broad upward revisions by analysts.
• An insider transaction saw Director Duncan Draper Jessiman sell 3,000 shares at C$101.80 (a 33.04% cut to his holdings); company insiders now own 6.44% of the stock.

Shares of Exchange Income Co. (TSE:EIF - Get Free Report) have received a consensus rating of "Buy" from the thirteen research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$116.96.

A number of research analysts have recently weighed in on the stock. Scotiabank raised their price objective on shares of Exchange Income from C$121.00 to C$129.00 and gave the stock an "outperform" rating in a research note on Monday, March 9th. Canaccord Genuity Group raised their price objective on shares of Exchange Income from C$109.00 to C$116.00 and gave the stock a "buy" rating in a research note on Thursday, February 26th. Royal Bank Of Canada raised their price objective on shares of Exchange Income from C$103.00 to C$133.00 and gave the stock an "outperform" rating in a research note on Thursday, February 26th. Raymond James Financial raised their price objective on shares of Exchange Income from C$110.00 to C$125.00 and gave the stock a "strong-buy" rating in a research note on Thursday, February 26th. Finally, Canadian Imperial Bank of Commerce raised their price objective on shares of Exchange Income from C$106.00 to C$120.00 and gave the stock an "outperform" rating in a research note on Thursday, February 26th.

Insider Transactions at Exchange Income

In related news, Director Duncan Draper Jessiman sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of C$101.80, for a total transaction of C$305,400.00. Following the sale, the director owned 6,080 shares in the company, valued at approximately C$618,944. This trade represents a 33.04% decrease in their ownership of the stock. Company insiders own 6.44% of the company's stock.

Exchange Income Trading Up 0.2%

Shares of EIF opened at C$102.89 on Friday. The company has a debt-to-equity ratio of 149.91, a current ratio of 1.71 and a quick ratio of 1.13. The firm has a 50 day simple moving average of C$103.07 and a 200-day simple moving average of C$90.70. Exchange Income has a 1-year low of C$49.51 and a 1-year high of C$111.00. The stock has a market cap of C$5.80 billion, a price-to-earnings ratio of 32.98, a price-to-earnings-growth ratio of 1.42 and a beta of 0.92.

Exchange Income (TSE:EIF - Get Free Report) last issued its quarterly earnings data on Tuesday, February 24th. The company reported C$1.06 earnings per share for the quarter. Exchange Income had a net margin of 5.11% and a return on equity of 10.61%. The business had revenue of C$929.55 million during the quarter. Equities analysts forecast that Exchange Income will post 3.9962963 EPS for the current fiscal year.

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.

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.