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

Key Points

• Analyst consensus: 13 analysts give Exchange Income an average "Buy" rating (11 Buy, 1 Hold, 1 Strong Buy) with a 1‑year target of C$115.04, and several brokers (TD, Scotiabank, CIBC) recently raised price targets into the C$120s.
• Recent results & valuation: The company reported Q EPS of C$1.06 and revenue of C$929.6M, analysts forecast ~3.99 EPS for the year, and the stock trades around C$104.39 with a market cap of C$5.86B and a PE of 33.46 (12‑month range C$45–C$111).
• Insider activity: Director Duncan Draper Jessiman sold 3,000 shares at C$101.80 on March 31, cutting his holding by 33%, while insiders collectively own 6.44% of the stock.

Exchange Income Co. (TSE:EIF - Get Free Report) has been assigned an average rating of "Buy" from the thirteen analysts that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$115.04.

Several analysts have recently weighed in on the company. TD Securities lifted their price objective on Exchange Income from C$102.00 to C$125.00 and gave the stock a "buy" rating in a report on Thursday, February 26th. Scotiabank raised their target price on Exchange Income from C$121.00 to C$129.00 and gave the stock an "outperform" rating in a research report on Monday, March 9th. Canadian Imperial Bank of Commerce lifted their price target 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. BMO Capital Markets boosted their price target on shares of Exchange Income from C$80.00 to C$100.00 and gave the company a "market perform" rating in a report on Thursday, February 26th. Finally, Canaccord Genuity Group increased their price objective on shares of Exchange Income from C$109.00 to C$116.00 and gave the company a "buy" rating in a research note on Thursday, February 26th.

Insiders Place Their Bets

In related news, Director Duncan Draper Jessiman sold 3,000 shares of the stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of C$101.80, for a total value of C$305,400.00. Following the completion of the transaction, the director owned 6,080 shares of the company's stock, valued at C$618,944. This represents a 33.04% decrease in their ownership of the stock. 6.44% of the stock is currently owned by insiders.

Exchange Income Stock Up 2.6%

TSE EIF opened at C$104.39 on Wednesday. Exchange Income has a twelve month low of C$45.00 and a twelve month high of C$111.00. The stock has a market cap of C$5.86 billion, a PE ratio of 33.46, a PEG ratio of 1.42 and a beta of 0.93. The firm has a 50-day simple moving average of C$100.65 and a 200 day simple moving average of C$86.79. The company has a debt-to-equity ratio of 149.91, a quick ratio of 1.13 and a current ratio of 1.71.

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

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