Exchange Income (TSE:EIF) had its price target raised by investment analysts at Raymond James from C$45.00 to C$47.00 in a research report issued on Monday, BayStreet.CA reports. The firm currently has a “strong-buy” rating on the stock. Raymond James’ target price indicates a potential upside of 17.59% from the stock’s previous close.
Several other equities research analysts have also recently issued reports on the company. CIBC reissued a “neutral” rating and set a C$42.00 target price on shares of Exchange Income in a research note on Monday. Canaccord Genuity raised their price objective on Exchange Income to C$44.00 and gave the stock a “na” rating in a research report on Thursday, February 25th. ATB Capital boosted their price objective on shares of Exchange Income from C$50.00 to C$53.00 and gave the company an “outperform” rating in a report on Monday. National Bank Financial increased their target price on shares of Exchange Income to C$44.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Royal Bank of Canada boosted their price target on shares of Exchange Income from C$41.00 to C$42.00 and gave the company an “outperform” rating in a research note on Monday. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of C$45.35.
Shares of TSE EIF traded up C$0.17 during trading on Monday, hitting C$39.97. 109,286 shares of the company were exchanged, compared to its average volume of 116,274. The company has a debt-to-equity ratio of 177.60, a quick ratio of 1.20 and a current ratio of 2.10. Exchange Income has a 12-month low of C$22.54 and a 12-month high of C$41.95. The company has a fifty day moving average price of C$39.21 and a 200-day moving average price of C$38.02. The firm has a market capitalization of C$1.50 billion and a PE ratio of 51.10.
Exchange Income (TSE:EIF) last posted its quarterly earnings results on Wednesday, February 17th. The company reported C$0.53 earnings per share for the quarter, beating the consensus estimate of C$0.22 by C$0.31. The firm had revenue of C$301.71 million during the quarter, compared to analysts’ expectations of C$281.02 million. Research analysts anticipate that Exchange Income will post 2.9000001 earnings per share for the current fiscal year.
In other Exchange Income news, Senior Officer Adam Terwin sold 5,000 shares of the stock in a transaction that occurred on Wednesday, February 24th. The shares were sold at an average price of C$41.60, for a total transaction of C$208,000.00. Following the sale, the insider now directly owns 12,338 shares in the company, valued…
Go to the news source: Exchange Income (TSE:EIF) Given New C$47.00 Price Target at Raymond James