Exchange Income (TSE:EIF) Price Target Raised to C$150.00 at Raymond James Financial

Key Points

• Raymond James raised Exchange Income’s price target to C$150 from C$142 and maintained a “strong-buy” rating, implying 10.56% upside from the current price.
• Several analysts also increased their targets, with Exchange Income holding a consensus “Buy” rating and an average price target of C$145.92.
• The stock rose 0.2% to C$135.67, near its 52-week high of C$136.75. The company reported quarterly revenue of C$952.16 million and EPS of C$1.13.

Exchange Income (TSE:EIF - Get Free Report) had its price objective upped by equities research analysts at Raymond James Financial from C$142.00 to C$150.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a "strong-buy" rating on the stock. Raymond James Financial's price objective indicates a potential upside of 10.56% from the company's current price.

EIF has been the subject of a number of other reports. ATB Cormark Capital Markets raised their price objective on shares of Exchange Income from C$125.00 to C$146.00 and gave the company an "outperform" rating in a research note on Wednesday, July 15th. Canadian Imperial Bank of Commerce increased their price target on shares of Exchange Income from C$141.00 to C$151.00 in a report on Thursday. BMO Capital Markets raised their price target on shares of Exchange Income from C$140.00 to C$152.00 in a research report on Thursday. Paradigm Capital boosted their price objective on shares of Exchange Income from C$120.00 to C$122.00 and gave the stock a "buy" rating in a report on Wednesday, May 13th. Finally, Scotiabank lifted their target price on Exchange Income from C$140.00 to C$150.00 and gave the stock a "sector outperform" rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating and twelve have issued a Buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of C$145.92.

Exchange Income Stock Up 0.2%

TSE:EIF traded up C$0.24 during trading hours on Thursday, reaching C$135.67. 101,343 shares of the company traded hands, compared to its average volume of 174,114. The company has a current ratio of 1.64, a quick ratio of 1.12 and a debt-to-equity ratio of 141.03. The business's 50-day moving average price is C$128.73 and its two-hundred day moving average price is C$112.60. Exchange Income has a 1 year low of C$69.67 and a 1 year high of C$136.75. The stock has a market capitalization of C$7.64 billion, a P/E ratio of 39.10, a P/E/G ratio of 1.42 and a beta of 1.03.

Exchange Income (TSE:EIF - Get Free Report) last released its earnings results 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 firm had revenue of C$952.16 million for the quarter. Analysts predict that Exchange Income will post 3.9962963 earnings per share for the current year.

Insider Activity at Exchange Income

In other news, Director Duncan Draper Jessiman sold 1,000 shares of the business's stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of C$130.64, for a total transaction of C$130,640.00. Following the completion of the transaction, the director directly owned 5,080 shares of the company's stock, valued at C$663,651.20. The trade was a 16.45% decrease in their ownership of the stock. 6.44% of the stock is owned by corporate insiders.

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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