Exchange Income (TSE:EIF) Sets New 52-Week High – Here’s Why

Exchange Income Co. (TSE:EIF) shares hit a new 52-week high during trading on Tuesday . The company traded as high as C$124.44 and last traded at C$120.42, with a volume of 343215 shares traded. The stock had previously closed at C$121.47.

Analysts Set New Price Targets

Several research firms have recently issued reports on EIF. Canaccord Genuity Group increased their price target on Exchange Income from C$116.00 to C$129.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. BMO Capital Markets raised Exchange Income from a “market perform” rating to an “outperform” rating and increased their price target for the stock from C$111.00 to C$120.00 in a research note on Wednesday, May 13th. Paradigm Capital increased their price target on Exchange Income from C$120.00 to C$122.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. TD Securities increased their price target on Exchange Income from C$102.00 to C$125.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Finally, Royal Bank Of Canada decreased their price target on Exchange Income from C$133.00 to C$127.00 and set an “outperform” rating for the company in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$122.19.

Exchange Income Stock Performance

The company has a debt-to-equity ratio of 141.03, a current ratio of 1.64 and a quick ratio of 1.13. The firm has a market cap of C$6.78 billion, a price-to-earnings ratio of 34.70, a price-to-earnings-growth ratio of 1.42 and a beta of 0.98. The company has a fifty day moving average price of C$105.75 and a two-hundred day moving average price of C$96.01.

Exchange Income (TSE:EIF) last announced its quarterly earnings data on Monday, May 11th. The company reported C$0.61 earnings per share for the quarter. The business had revenue of C$866.58 million during the quarter. Exchange Income had a return on equity of 11.35% and a net margin of 5.41%. As a group, equities research analysts expect that Exchange Income Co. will post 3.9962963 EPS for the current year.

Insider Buying and Selling at Exchange Income

In other news, Director Duncan Draper Jessiman sold 3,000 shares of the company’s stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of C$101.80, for a total value of C$305,400.00. Following the completion of the sale, the director 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 company 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.