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

Exchange Income (TSE:EIF) had its price target lifted by equities research analysts at Paradigm Capital from C$120.00 to C$122.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Paradigm Capital’s price target would suggest a potential upside of 14.96% from the stock’s current price.

EIF has been the subject of a number of other research reports. Raymond James Financial lifted their price objective on shares of Exchange Income from C$110.00 to C$125.00 and gave the company a “strong-buy” rating in a research report on Thursday, February 26th. Canaccord Genuity Group lifted their price objective on shares of Exchange Income from C$116.00 to C$129.00 and gave the company a “buy” rating in a research report on Wednesday. TD Securities lifted their price objective on shares of Exchange Income from C$102.00 to C$125.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Ventum Financial lifted their price objective on shares of Exchange Income from C$110.00 to C$135.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Finally, ATB Cormark Capital Markets lifted their price objective on shares of Exchange Income from C$120.00 to C$125.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating and twelve have given a Buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$122.19.

Exchange Income Stock Up 1.7%

Exchange Income stock traded up C$1.76 during mid-day trading on Wednesday, reaching C$106.12. The company’s stock had a trading volume of 159,542 shares, compared to its average volume of 176,641. The company has a market capitalization of C$5.98 billion, a price-to-earnings ratio of 34.01, a price-to-earnings-growth ratio of 1.42 and a beta of 0.98. Exchange Income has a 12 month low of C$55.98 and a 12 month high of C$111.00. The business’s 50 day simple moving average is C$102.87 and its 200 day simple moving average is C$92.54. The company has a debt-to-equity ratio of 149.91, a quick ratio of 1.13 and a current ratio of 1.71.

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

Insider Activity at Exchange Income

In related news, Director Duncan Draper Jessiman sold 3,000 shares of Exchange Income 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 owned 6,080 shares of the company’s stock, valued at approximately C$618,944. The trade was a 33.04% decrease in their position. Insiders own 6.44% of the company’s stock.

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.