Raymond James Financial Issues Positive Forecast for Exchange Income (TSE:EIF) Stock Price

Exchange Income (TSE:EIF) had its price objective hoisted by equities research analysts at Raymond James Financial from C$125.00 to C$130.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has a “strong-buy” rating on the stock. Raymond James Financial’s price target would indicate a potential upside of 22.50% from the stock’s previous close.

Several other research analysts have also issued reports on EIF. National Bank Financial upped their target price on shares of Exchange Income from C$110.00 to C$125.00 and gave the stock an “outperform” rating in a research report on Thursday, February 26th. TD Securities upped their target price on shares of Exchange Income from C$102.00 to C$125.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. BMO Capital Markets upgraded shares of Exchange Income from a “market perform” rating to an “outperform” rating and upped their target price for the stock from C$111.00 to C$120.00 in a research report on Wednesday. Canaccord Genuity Group upped their target price on shares of Exchange Income from C$116.00 to C$129.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Scotiabank upped their target price on shares of Exchange Income from C$121.00 to C$129.00 and gave the stock an “outperform” rating in a research report on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating and twelve have issued a Buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$122.19.

Exchange Income Price Performance

TSE:EIF traded up C$1.76 during midday trading on Wednesday, hitting C$106.12. The company had a trading volume of 159,542 shares, compared to its average volume of 176,641. Exchange Income has a 52-week low of C$55.98 and a 52-week high of C$111.00. The stock’s fifty day moving average price is C$102.87 and its 200-day moving average price is C$92.54. The company has a market capitalization of C$5.98 billion, a PE ratio of 34.01, a P/E/G ratio of 1.42 and a beta of 0.98. The company has a quick ratio of 1.13, a current ratio of 1.71 and a debt-to-equity ratio of 149.91.

Exchange Income (TSE:EIF) last announced its earnings results on Monday, May 11th. The company reported C$0.61 earnings per share (EPS) for the quarter. Exchange Income had a net margin of 5.11% and a return on equity of 10.61%. The company had revenue of C$866.58 million during the quarter. As a group, research analysts expect that Exchange Income will post 3.9962963 earnings per share for the current year.

Insider Transactions at Exchange Income

In other Exchange Income news, Director Duncan Draper Jessiman sold 3,000 shares of the company’s stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of C$101.80, for a total transaction of C$305,400.00. Following the completion of the sale, the director directly owned 6,080 shares in the company, valued at C$618,944. This represents a 33.04% decrease in their ownership of the stock. 6.44% of the stock is currently owned by insiders.

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.