Exchange Income (TSE:EIF) Given New C$145.00 Price Target at Desjardins

Key Points

• Desjardins raised Exchange Income’s price target to C$145 from C$135 and maintained a “buy” rating, implying 7.94% upside from the prior close.
• Analyst sentiment remains positive: 13 analysts rate the stock a Buy, with a consensus rating of “Buy” and an average target price of C$137.38.
• Shares reached C$134.33 during Wednesday trading, near their 12-month high of C$136.48. In its latest quarter, Exchange Income reported C$1.13 EPS and C$952.16 million in revenue.

Exchange Income (TSE:EIF - Get Free Report) had its price target raised by Desjardins from C$135.00 to C$145.00 in a report issued on Wednesday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Desjardins' price target suggests a potential upside of 7.94% from the company's previous close.

EIF has been the subject of several other reports. Paradigm Capital raised their target price on shares of Exchange Income from C$120.00 to C$122.00 and gave the company a "buy" rating in a research note on Wednesday, May 13th. Canadian Imperial Bank of Commerce boosted their price target on shares of Exchange Income from C$123.00 to C$141.00 and gave the stock an "outperformer" rating in a research note on Wednesday, June 10th. Raymond James Financial increased their price objective on shares of Exchange Income from C$130.00 to C$142.00 and gave the company a "buy" rating in a report on Thursday, June 4th. Royal Bank Of Canada raised their price objective on Exchange Income from C$127.00 to C$150.00 and gave the company an "outperform" rating in a research report on Monday, June 29th. Finally, TD lifted their target price on Exchange Income from C$125.00 to C$142.00 and gave the stock a "buy" rating in a report on Monday, June 8th. Thirteen analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of C$137.38.

Exchange Income Price Performance

EIF stock traded up C$6.15 during midday trading on Wednesday, hitting C$134.33. The company's stock had a trading volume of 238,641 shares, compared to its average volume of 173,981. The company has a quick ratio of 1.12, a current ratio of 1.64 and a debt-to-equity ratio of 141.03. Exchange Income has a 12 month low of C$69.67 and a 12 month high of C$136.48. The company has a 50 day moving average of C$128.49 and a two-hundred day moving average of C$112.34. The firm has a market capitalization of C$7.57 billion, a price-to-earnings ratio of 38.71, a price-to-earnings-growth ratio of 1.42 and a beta of 1.03.

Exchange Income (TSE:EIF - Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The company reported C$1.13 earnings per share (EPS) for the quarter. Exchange Income had a net margin of 5.41% and a return on equity of 11.35%. The firm had revenue of C$952.16 million for the quarter. On average, analysts expect that Exchange Income will post 3.9962963 EPS for the current year.

Insider Buying and Selling at Exchange Income

In related news, Director Duncan Draper Jessiman sold 1,000 shares of the business'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 sale, the director owned 5,080 shares in the company, valued at approximately C$663,651.20. The trade was a 16.45% decrease in their ownership of the stock. 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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