Exchange Income (TSE:EIF) Price Target Raised to C$156.00 at Royal Bank Of Canada

Exchange Income (TSE:EIF) had its target price boosted by research analysts at Royal Bank Of Canada from C$150.00 to C$156.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target points to a potential upside of 14.98% from the stock’s current price.

A number of other research firms have also recently issued reports on EIF. Canaccord Genuity Group increased their target price on Exchange Income from C$116.00 to C$129.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. National Bank Financial upped their price objective on Exchange Income from C$144.00 to C$145.00 and gave the stock an “outperform” rating in a research report on Thursday. Raymond James Financial upped their price objective on Exchange Income from C$130.00 to C$142.00 and gave the stock a “buy” rating in a research report on Thursday, June 4th. Desjardins increased their price objective on Exchange Income from C$135.00 to C$145.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Paradigm Capital lifted their target price on Exchange Income from C$120.00 to C$122.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. One investment 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 stock presently has an average rating of “Buy” and a consensus target price of C$145.92.

Exchange Income Stock Up 0.2%

Shares of Exchange Income stock traded up C$0.24 on Thursday, hitting C$135.67. The company had a trading volume of 101,343 shares, compared to its average volume of 174,114. The stock has a 50-day moving average of C$128.73 and a 200-day moving average of C$112.60. The company has a debt-to-equity ratio of 141.03, a current ratio of 1.64 and a quick ratio of 1.12. Exchange Income has a twelve month low of C$69.67 and a twelve month high of C$136.75. The firm has a market capitalization of C$7.64 billion, a P/E ratio of 39.10, a P/E/G ratio of 1.42 and a beta of 1.03.

Exchange Income (TSE:EIF) last issued its quarterly earnings data on Tuesday, August 11th. The company reported C$1.13 EPS for the quarter. The business had revenue of C$952.16 million for the quarter. Exchange Income had a net margin of 5.41% and a return on equity of 11.35%. Research analysts predict that Exchange Income will post 3.9962963 earnings per share for the current year.

Insiders Place Their Bets

In other Exchange Income news, Director Duncan Draper Jessiman sold 1,000 shares of Exchange Income stock in a transaction on Monday, June 29th. The shares were sold at an average price of C$130.64, for a total value of C$130,640.00. Following the sale, the director directly owned 5,080 shares in the company, valued at approximately C$663,651.20. The trade was a 16.45% decrease in their position. Company 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.