Exchange Income (TSE:EIF) had its target price hoisted by research analysts at National Bank Financial to C$44.00 in a report released on Friday, Stock Target Advisor reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 10.55% from the company’s previous close.
Several other equities analysts have also commented on EIF. TD Securities upped their price target on Exchange Income from C$43.00 to C$46.00 and gave the company a “buy” rating in a research note on Monday, April 5th. Canaccord Genuity upped their target price on shares of Exchange Income to C$44.00 and gave the company a “na” rating in a research report on Thursday, February 25th. Raymond James reiterated a “strong-buy” rating and set a C$45.00 price target on shares of Exchange Income in a research report on Thursday, February 25th. Cormark upped their price objective on shares of Exchange Income from C$41.00 to C$48.50 in a report on Friday, February 19th. Finally, CIBC increased their price objective on shares of Exchange Income from C$39.50 to C$42.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 28th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of C$44.55.
Shares of Exchange Income stock traded up C$1.28 during mid-day trading on Friday, hitting C$39.80. The stock had a trading volume of 357,332 shares, compared to its average volume of 116,434. The firm has a 50-day moving average of C$39.24 and a two-hundred day moving average of C$37.99. The firm has a market cap of C$1.50 billion and a P/E ratio of 51.03. The company has a quick ratio of 1.20, a current ratio of 2.10 and a debt-to-equity ratio of 177.60. Exchange Income has a 12-month low of C$20.13 and a 12-month high of C$41.95.
Exchange Income (TSE:EIF) last released its quarterly earnings data on Wednesday, February 17th. The company reported C$0.53 EPS for the quarter, beating analysts’ consensus estimates of C$0.22 by C$0.31. The business had revenue of C$301.71 million during the quarter, compared to analyst estimates of C$281.02 million. Sell-side analysts expect that Exchange Income will post 2.9000001 earnings per share for the current year.
In related news, Senior Officer Adam Terwin sold 4,900 shares of the company’s stock in a transaction that occurred on Monday, March 1st. The shares were sold at an average price of C$41.05, for a total transaction of C$201,145.00. Following the sale, the insider now directly owns 7,338 shares of the company’s stock, valued at approximately C$301,224.90….
Go to the news source: National Bank Financial Raises Exchange Income (TSE:EIF) Price Target to C$44.00