National Bank Financial Boosts Exchange Income (TSE:EIF) Price Target to C$145.00

Key Points

• National Bank Financial raised Exchange Income’s price target to C$145 from C$144 and maintained an “outperform” rating, implying 6.88% upside from the reported share price.
• Analyst sentiment remains positive: Exchange Income has an average “Buy” rating and a consensus price target of C$145.92, with several brokerages recently raising their targets.
• Shares rose 0.2% to C$135.67, near the company’s 52-week high of C$136.75. Exchange Income reported quarterly EPS of C$1.13 and revenue of C$952.16 million.

Exchange Income (TSE:EIF - Get Free Report) had its price target raised by equities researchers at National Bank Financial from C$144.00 to C$145.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. National Bank Financial's price target suggests a potential upside of 6.88% from the stock's current price.

A number of other equities research analysts also recently commented on the company. Canaccord Genuity Group raised their target price on Exchange Income from C$116.00 to C$129.00 and gave the company a "buy" rating in a report on Wednesday, May 13th. BMO Capital Markets increased their price target on shares of Exchange Income from C$140.00 to C$152.00 in a report on Thursday. Desjardins lifted their price target on shares of Exchange Income from C$135.00 to C$145.00 and gave the company a "buy" rating in a research report on Wednesday. Raymond James Financial boosted their price target on Exchange Income from C$130.00 to C$142.00 and gave the stock a "buy" rating in a research note on Thursday, June 4th. Finally, Canadian Imperial Bank of Commerce raised their price target on Exchange Income from C$141.00 to C$151.00 in a research 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. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of C$145.92.

Exchange Income Stock Up 0.2%

Shares of TSE:EIF traded up C$0.24 during trading hours on Thursday, reaching C$135.67. The stock had a trading volume of 101,343 shares, compared to its average volume of 174,114. The stock has a market capitalization of C$7.64 billion, a price-to-earnings ratio of 39.10, a P/E/G ratio of 1.42 and a beta of 1.03. The firm's 50 day moving average is C$128.73 and its 200-day moving average is 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. Exchange Income has a 1 year low of C$69.67 and a 1 year high of C$136.75.

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. The company had revenue of C$952.16 million during the quarter. Exchange Income had a net margin of 5.41% and a return on equity of 11.35%. Research analysts predict that Exchange Income will post 3.9962963 earnings per share for the current fiscal year.

Insider Buying and Selling at Exchange Income

In other Exchange Income news, Director Duncan Draper Jessiman sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of C$130.64, for a total transaction of C$130,640.00. Following the completion of the sale, the director owned 5,080 shares in the company, valued at C$663,651.20. This trade represents a 16.45% decrease in their position. 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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