Insider Selling: Exchange Income (TSE:EIF) Director Sells C$421,645.00 in Stock

Exchange Income Co. (TSE:EIFGet Free Report) Director Donald Streuber sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of C$120.47, for a total transaction of C$421,645.00. Following the transaction, the director owned 27,368 shares of the company’s stock, valued at approximately C$3,297,022.96. This trade represents a 11.34% decrease in their position.

Donald Streuber also recently made the following trade(s):

  • On Thursday, August 20th, Donald Streuber sold 5,000 shares of Exchange Income stock. The shares were sold at an average price of C$130.44, for a total value of C$652,200.00.

Exchange Income Trading Down 1.7%

Shares of TSE:EIF traded down C$2.04 during midday trading on Thursday, reaching C$118.30. The company had a trading volume of 44,260 shares, compared to its average volume of 168,593. Exchange Income Co. has a 1-year low of C$69.71 and a 1-year high of C$136.75. The company has a fifty day simple moving average of C$127.00 and a two-hundred day simple moving average of C$116.28. The company has a debt-to-equity ratio of 141.68, a quick ratio of 1.12 and a current ratio of 1.63. The firm has a market cap of C$6.67 billion, a price-to-earnings ratio of 32.06, a price-to-earnings-growth ratio of 1.42 and a beta of 0.94.

Exchange Income (TSE:EIFGet Free Report) last posted its quarterly earnings data on Tuesday, August 11th. The company reported C$1.13 earnings per share for the quarter. The firm had revenue of C$952.16 million for the quarter. Exchange Income had a net margin of 5.53% and a return on equity of 11.69%. Research analysts predict that Exchange Income Co. will post 3.9962963 earnings per share for the current year.

Wall Street Analyst Weigh In

EIF has been the subject of several research reports. Raymond James Financial increased their target price on shares of Exchange Income from C$142.00 to C$150.00 and gave the company a “strong-buy” rating in a research note on Thursday, August 13th. TD lifted their price objective on shares of Exchange Income from C$142.00 to C$151.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Scotiabank boosted their price target on Exchange Income from C$140.00 to C$150.00 and gave the stock a “sector outperform” rating in a research report on Thursday, August 13th. ATB Cormark Capital Markets increased their target price on Exchange Income from C$146.00 to C$165.00 and gave the stock an “outperform” rating in a research note on Thursday, August 13th. Finally, Canaccord Genuity Group lifted their price objective on Exchange Income from C$129.00 to C$150.00 and gave the company a “buy” rating in a report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating and twelve have issued a Buy rating to the stock. Based on data from MarketBeat, Exchange Income presently has an average rating of “Buy” and a consensus target price of C$145.92.

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About Exchange Income

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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.

See Also

Insider Buying and Selling by Quarter for Exchange Income (TSE:EIF)

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