Exchange Income (TSE:EIF) Reaches New 52-Week High – What’s Next?

Shares of Exchange Income Co. (TSE:EIF) hit a new 52-week high on Thursday . The stock traded as high as C$132.27 and last traded at C$132.02, with a volume of 29912 shares trading hands. The stock had previously closed at C$128.65.

Wall Street Analysts Forecast Growth

EIF has been the subject of a number of analyst reports. Scotiabank increased their price objective on Exchange Income from C$121.00 to C$129.00 and gave the company an “outperform” rating in a research note on Monday, March 9th. Raymond James Financial upped their price target on shares of Exchange Income from C$130.00 to C$142.00 and gave the company a “buy” rating in a report on Thursday, June 4th. BMO Capital Markets raised shares of Exchange Income from a “market perform” rating to an “outperform” rating and increased their price target for the company from C$111.00 to C$120.00 in a research report on Wednesday, May 13th. Paradigm Capital raised their price target on shares of Exchange Income from C$120.00 to C$122.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Finally, TD boosted their price objective on shares of Exchange Income from C$125.00 to C$142.00 and gave the company a “buy” rating in a research report on Monday, June 8th. Fourteen research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$125.75.

Exchange Income Price Performance

The company has a market cap of C$7.52 billion, a PE ratio of 38.49, a price-to-earnings-growth ratio of 1.42 and a beta of 1.01. The business has a 50 day moving average of C$110.97 and a 200 day moving average of C$100.07. The company has a debt-to-equity ratio of 141.03, a current ratio of 1.64 and a quick ratio of 1.13.

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

Insider Activity

In related news, Director Duncan Draper Jessiman sold 3,000 shares of the business’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 transaction, the director owned 6,080 shares in the company, valued at C$618,944. The trade was a 33.04% decrease in their ownership of the stock. 6.44% of the stock is owned by corporate 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.