Exchange Income Co. (TSE:EIF) Receives C$68.22 Consensus Price Target from Analysts

Exchange Income Co. (TSE:EIF) has been given an average recommendation of “Buy” by the eight research firms that are covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$68.22.

Several equities analysts recently weighed in on the stock. Paradigm Capital set a C$69.00 price objective on shares of Exchange Income and gave the company a “buy” rating in a research report on Thursday, January 30th. Scotiabank cut their price target on shares of Exchange Income from C$65.00 to C$64.00 in a report on Friday, February 28th. Finally, Royal Bank of Canada reduced their price objective on shares of Exchange Income from C$71.00 to C$64.00 and set an “outperform” rating for the company in a research note on Wednesday, April 16th.

Insider Buying and Selling

In other Exchange Income news, Director Brad Bennett acquired 25,000 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were acquired at an average cost of C$49.77 per share, for a total transaction of C$1,244,182.50. Also, Director Edward Warkentin bought 1,011 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average price of C$49.54 per share, with a total value of C$50,087.97. In the last three months, insiders bought 30,311 shares of company stock valued at $1,510,455. Company insiders own 6.44% of the company’s stock.

Exchange Income Stock Up 0.8%

EIF opened at C$56.28 on Friday. The company has a market capitalization of C$2.81 billion, a PE ratio of 22.05, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04. The company has a debt-to-equity ratio of 173.72, a current ratio of 1.76 and a quick ratio of 1.13. Exchange Income has a fifty-two week low of C$43.08 and a fifty-two week high of C$59.32. The business has a 50-day moving average of C$50.36 and a 200-day moving average of C$53.46.

About Exchange Income

Exchange Income Corp is a diversified acquisition-oriented corporation focused on opportunities in two sectors, aerospace, aviation services and equipment, and manufacturing. The business plan of the corporation is to invest in profitable, well-established companies with strong cash flows operating in niche markets.