Exchange Income Co. (TSE:EIF – Get Free Report) shares crossed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of C$117.65 and traded as high as C$120.18. Exchange Income shares last traded at C$118.58, with a volume of 219,708 shares changing hands.
Analyst Ratings Changes
A number of analysts recently commented on EIF shares. TD lifted their price objective on Exchange Income from C$142.00 to C$151.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. BMO Capital Markets boosted their target price on shares of Exchange Income from C$140.00 to C$152.00 in a research note on Thursday, August 13th. Scotiabank upped their target price on shares of Exchange Income from C$140.00 to C$150.00 and gave the company a “sector outperform” rating in a report on Thursday, August 13th. Raymond James Financial raised their price target on shares of Exchange Income from C$142.00 to C$150.00 and gave the stock a “strong-buy” rating in a research note on Thursday, August 13th. Finally, Ventum Capital set a C$150.00 price target on shares of Exchange Income and gave the stock a “buy” rating in a report on Tuesday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$146.21.
Get Our Latest Analysis on EIF
Exchange Income Trading Up 2.6%
The business has a 50 day simple moving average of C$117.65 and a two-hundred day simple moving average of C$114.49. The company has a current ratio of 1.63, a quick ratio of 1.12 and a debt-to-equity ratio of 141.68. The company has a market cap of C$6.69 billion, a PE ratio of 32.14, a price-to-earnings-growth ratio of 1.42 and a beta of 0.70.
Exchange Income (TSE:EIF – Get Free Report) last announced 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 during the quarter. Exchange Income had a return on equity of 11.69% and a net margin of 5.53%. On average, analysts forecast that Exchange Income Co. will post 4.00 EPS for the current fiscal year.
Insider Transactions at Exchange Income
In other Exchange Income news, Director Michael Pyle purchased 1,000 shares of the firm’s stock in a transaction on Thursday, September 3rd. The shares were purchased at an average cost of C$116.93 per share, with a total value of C$116,930.00. Following the purchase, the director owned 20,337 shares in the company, valued at approximately C$2,378,005.41. This represents a 5.17% increase in their ownership of the stock. Also, Director Donald Streuber sold 3,500 shares of Exchange Income stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of C$120.47, for a total value of C$421,645.00. Following the completion of the sale, the director owned 27,368 shares of the company’s stock, valued at C$3,297,022.96. This trade represents a 11.34% decrease in their position. Over the last three months, insiders acquired 1,534 shares of company stock worth $181,356. 6.44% of the stock is owned by corporate insiders.
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.
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