Exchange Income (TSE:EIF) Price Target Raised to C$152.00

Key Points

• BMO Capital Markets raised Exchange Income’s price target to C$152 from C$140, implying 12.04% upside. The broader analyst consensus is “Buy,” with a C$145.92 target.
• Several other brokerages also increased their targets to between C$142 and C$150, generally maintaining “Buy” or “Outperform” ratings.
• Exchange Income shares rose 0.2% to C$135.67, near their 12-month high, while 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 target price increased by analysts at BMO Capital Markets from C$140.00 to C$152.00 in a report released on Thursday,BayStreet.CA reports. BMO Capital Markets' price target indicates a potential upside of 12.04% from the company's current price.

A number of other brokerages also recently weighed in on EIF. National Bank Financial raised their price objective on Exchange Income from C$125.00 to C$144.00 and gave the company an "outperform" rating in a research report on Thursday, July 9th. Desjardins boosted their target price on shares of Exchange Income from C$135.00 to C$145.00 and gave the stock a "buy" rating in a report on Wednesday. TD increased their price target on shares of Exchange Income from C$125.00 to C$142.00 and gave the company a "buy" rating in a research report on Monday, June 8th. Royal Bank Of Canada raised their price target on shares of Exchange Income from C$127.00 to C$150.00 and gave the company an "outperform" rating in a report on Monday, June 29th. Finally, ATB Cormark Capital Markets lifted their price objective on shares of Exchange Income from C$125.00 to C$146.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of C$145.92.

Exchange Income Stock Up 0.2%

Exchange Income stock traded up C$0.24 during mid-day trading on Thursday, reaching C$135.67. 101,343 shares of the company were exchanged, compared to its average volume of 174,114. The business has a fifty day moving average of C$128.73 and a 200 day moving average of C$112.60. The company has a debt-to-equity ratio of 141.03, a quick ratio of 1.12 and a current ratio of 1.64. The firm has a market cap of C$7.64 billion, a P/E ratio of 39.10, a PEG 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 announced its earnings results on Tuesday, August 11th. The company reported C$1.13 earnings per share (EPS) for the quarter. Exchange Income had a return on equity of 11.35% and a net margin of 5.41%.The business had revenue of C$952.16 million for the quarter. Research analysts anticipate that Exchange Income will post 3.9962963 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Duncan Draper Jessiman sold 1,000 shares of the company's stock in a transaction dated 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 transaction, the director owned 5,080 shares in the company, valued at C$663,651.20. This represents a 16.45% decrease in their ownership of the stock. 6.44% of the stock is currently owned by company 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.

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