TD Issues Positive Forecast for Exchange Income (TSE:EIF) Stock Price

Key Points

• TD raised Exchange Income’s price target to C$151 from C$142 and maintained a “Buy” rating, implying approximately 11.3% 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 firms recently increasing their targets.
• Shares traded at C$135.67, near the company’s 52-week 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 price objective hoisted by stock analysts at TD from C$142.00 to C$151.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. TD's target price points to a potential upside of 11.30% from the stock's current price.

A number of other research analysts have also recently weighed in on EIF. Canaccord Genuity Group lifted 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 lifted their target price on shares of Exchange Income from C$140.00 to C$152.00 in a report on Thursday. Scotiabank boosted their price objective on Exchange Income from C$129.00 to C$145.00 in a research note on Thursday, July 16th. National Bank Financial raised their target price on Exchange Income from C$125.00 to C$144.00 and gave the company an "outperform" rating in a report on Thursday, July 9th. Finally, Canadian Imperial Bank of Commerce raised their price target on shares of Exchange Income from C$141.00 to C$151.00 in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the company. Based on data from MarketBeat, Exchange Income presently has an average rating of "Buy" and an average price target of C$145.92.

Exchange Income Price Performance

Shares of TSE:EIF traded up C$0.24 on Thursday, hitting C$135.67. The company had a trading volume of 101,343 shares, compared to its average volume of 174,114. The company has a market cap of C$7.64 billion, a PE ratio of 39.10, a PEG ratio of 1.42 and a beta of 1.03. The business has a 50 day moving average of C$128.73 and a 200 day moving average of C$112.60. Exchange Income has a 52-week low of C$69.67 and a 52-week high of C$136.75. The company has a current ratio of 1.64, a quick ratio of 1.12 and a debt-to-equity ratio of 141.03.

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

Insiders Place Their Bets

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