Exchange Income (TSE:EIF) Director Duncan Draper Jessiman Sells 1,000 Shares

Exchange Income Co. (TSE:EIF) Director Duncan Draper Jessiman sold 1,000 shares of the business’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of C$130.64, for a total transaction of C$130,640.00. Following the completion of the sale, the director directly owned 5,080 shares of the company’s stock, valued at approximately C$663,651.20. This trade represents a 16.45% decrease in their ownership of the stock.

Exchange Income Stock Performance

Shares of EIF stock opened at C$130.85 on Friday. The stock’s 50-day moving average is C$116.93 and its two-hundred day moving average is C$103.99. The firm has a market cap of C$7.37 billion, a price-to-earnings ratio of 37.71, a PEG ratio of 1.42 and a beta of 1.01. Exchange Income Co. has a 1 year low of C$63.97 and a 1 year high of C$135.00. The company has a debt-to-equity ratio of 141.03, a quick ratio of 1.12 and a current ratio of 1.64.

Exchange Income (TSE:EIF) last posted its earnings results on Monday, May 11th. The company reported C$0.61 earnings per share for the quarter. The business had revenue of C$866.58 million during the quarter. Exchange Income had a return on equity of 11.35% and a net margin of 5.41%. Analysts predict that Exchange Income Co. will post 3.9962963 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. BMO Capital Markets raised Exchange Income from a “market perform” rating to an “outperform” rating and increased their price objective for the company from C$111.00 to C$120.00 in a report on Wednesday, May 13th. Desjardins lifted their target price on shares of Exchange Income from C$116.00 to C$120.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Canadian Imperial Bank of Commerce upped their price target on shares of Exchange Income from C$123.00 to C$141.00 and gave the company an “outperformer” rating in a research report on Wednesday, June 10th. Scotiabank increased their price target on shares of Exchange Income from C$121.00 to C$129.00 and gave the stock an “outperform” rating in a research note on Monday, March 9th. Finally, TD increased their price target on shares of Exchange Income from C$125.00 to C$142.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. Fourteen investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$127.39.

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.