Exchange Income (TSE:EIF) Given New C$150.00 Price Target at Canaccord Genuity Group

Key Points

• Canaccord Genuity raised Exchange Income’s price target to C$150 from C$129 and maintained a “buy” rating, implying 10.56% upside from the prior close.
• Several analysts also increased their targets, with ratings ranging from “buy” to “strong buy”; the stock carries a consensus “Buy” rating and an average target of C$145.92.
• Exchange Income shares traded at C$135.67, near their 12-month high of C$136.75. The company reported quarterly revenue of C$952.16 million and earnings of C$1.13 per share.

Exchange Income (TSE:EIF - Get Free Report) had its target price increased by stock analysts at Canaccord Genuity Group from C$129.00 to C$150.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Canaccord Genuity Group's price objective would suggest a potential upside of 10.56% from the stock's previous close.

EIF has been the topic of several other reports. Desjardins increased their price target on shares of Exchange Income from C$135.00 to C$145.00 and gave the stock a "buy" rating in a research report on Wednesday. Raymond James Financial boosted their price objective on shares of Exchange Income from C$142.00 to C$150.00 and gave the company a "strong-buy" rating in a research report on Thursday. Royal Bank Of Canada raised their target price on Exchange Income from C$150.00 to C$156.00 and gave the stock an "outperform" rating in a report on Thursday. National Bank Financial lifted their target price on Exchange Income from C$144.00 to C$145.00 and gave the company an "outperform" rating in a research report on Thursday. Finally, BMO Capital Markets boosted their price target on Exchange Income from C$140.00 to C$152.00 in a report on Thursday. One analyst has rated the stock with a Strong Buy rating and twelve have given a Buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of C$145.92.

Exchange Income Stock Performance

TSE EIF traded up C$0.24 during trading hours on Thursday, hitting C$135.67. The company's stock had a trading volume of 101,343 shares, compared to its average volume of 174,114. The company's 50 day simple moving average is C$128.73 and its two-hundred day simple moving average is C$112.60. The company has a debt-to-equity ratio of 141.03, a current ratio of 1.64 and a quick ratio of 1.12. The company has a market cap of C$7.64 billion, a P/E ratio of 39.10, a price-to-earnings-growth ratio of 1.42 and a beta of 1.03. Exchange Income has a 12 month low of C$69.67 and a 12 month high of C$136.75.

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

Insider Activity

In related news, Director Duncan Draper Jessiman sold 1,000 shares of the business's stock in a transaction dated Monday, June 29th. The stock was sold at an average price of C$130.64, for a total value of C$130,640.00. Following the sale, the director directly 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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source