Insider Buying: Exchange Income (TSE:EIF) Director Purchases C$116,930.00 in Stock

Exchange Income Co. (TSE:EIF) Director Michael Pyle bought 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The shares were acquired at an average cost of C$116.93 per share, for a total transaction of C$116,930.00. Following the completion of the acquisition, the director directly owned 20,337 shares in the company, valued at C$2,378,005.41. The trade was a 5.17% increase in their position.

Exchange Income Stock Up 1.1%

EIF opened at C$120.46 on Friday. The stock’s fifty day simple moving average is C$127.66 and its 200 day simple moving average is C$115.73. Exchange Income Co. has a 1-year low of C$69.67 and a 1-year high of C$136.75. The stock has a market cap of C$6.79 billion, a PE ratio of 32.64, a price-to-earnings-growth ratio of 1.42 and a beta of 0.94. The company has a current ratio of 1.63, a quick ratio of 1.12 and a debt-to-equity ratio of 141.68.

Exchange Income (TSE:EIF) last released its quarterly earnings data on Tuesday, August 11th. The company reported C$1.13 EPS 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%. As a group, research analysts expect that Exchange Income Co. will post 3.9962963 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. TD increased their target price on Exchange Income from C$142.00 to C$151.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. ATB Cormark Capital Markets boosted their price target on Exchange Income from C$146.00 to C$165.00 and gave the company an “outperform” rating in a research note on Thursday, August 13th. Scotiabank upped their price objective on 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. Desjardins increased their price objective on Exchange Income from C$135.00 to C$145.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Finally, Canaccord Genuity Group increased their price objective on Exchange Income from C$129.00 to C$150.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the stock. Based on data from MarketBeat.com, Exchange Income currently has a consensus rating of “Buy” and a consensus target price of C$145.92.

Exchange Income Company Profile

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.