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

Exchange Income Co. (TSE:EIF) reached a new 52-week high during trading on Thursday . The company traded as high as C$110.17 and last traded at C$110.10, with a volume of 123264 shares. The stock had previously closed at C$108.74.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. National Bank Financial upped their price target 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. Canadian Imperial Bank of Commerce lifted their target price on shares of Exchange Income from C$120.00 to C$123.00 and gave the company an “outperformer” rating in a research note on Wednesday, May 13th. Ventum Financial increased their price target on Exchange Income from C$110.00 to C$135.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Paradigm Capital raised their price target on Exchange Income from C$120.00 to C$122.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Finally, ATB Cormark Capital Markets boosted their price objective on 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 investment analyst has rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the stock. Based on data from MarketBeat, Exchange Income presently has an average rating of “Buy” and an average price target of C$122.19.

Exchange Income Stock Performance

The firm has a market capitalization of C$6.30 billion, a PE ratio of 32.24, a price-to-earnings-growth ratio of 1.42 and a beta of 0.98. The company has a debt-to-equity ratio of 141.03, a quick ratio of 1.13 and a current ratio of 1.64. The business’s fifty day simple moving average is C$103.77 and its 200-day simple moving average is C$94.15.

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

Insider Buying and Selling

In other Exchange Income news, Director Duncan Draper Jessiman sold 3,000 shares of the business’s stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of C$101.80, for a total value of C$305,400.00. Following the sale, the director owned 6,080 shares in the company, valued at C$618,944. The trade was a 33.04% 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.