Exchange Income (TSE:EIF) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Exchange Income Co. (TSE:EIF) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$116.78 and traded as high as C$117.96. Exchange Income shares last traded at C$116.60, with a volume of 68,578 shares.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Canaccord Genuity Group increased their price objective on Exchange Income from C$129.00 to C$150.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Canadian Imperial Bank of Commerce upped their target price on shares of Exchange Income from C$141.00 to C$151.00 in a report on Thursday, August 13th. Scotiabank lifted their price target on shares of Exchange Income from C$140.00 to C$150.00 and gave the stock a “sector outperform” rating in a report on Thursday, August 13th. TD raised their target price on shares of 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. Finally, Royal Bank Of Canada boosted their price target on Exchange Income from C$150.00 to C$156.00 and gave the company an “outperform” rating in a report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the stock. According to data from MarketBeat, Exchange Income presently has an average rating of “Buy” and an average price target of C$145.92.

Exchange Income Stock Up 0.8%

The firm has a market cap of C$6.63 billion, a PE ratio of 31.84, a PEG ratio of 1.42 and a beta of 0.94. 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 stock has a fifty day moving average price of C$124.84 and a 200-day moving average price of C$116.79.

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

Insider Activity at Exchange Income

In other news, Director Donald Streuber sold 3,500 shares of Exchange Income stock in a transaction that occurred on 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 sale, the director owned 27,368 shares in the company, valued at C$3,297,022.96. This trade represents a 11.34% decrease in their ownership of the stock. Also, Director Michael Pyle acquired 1,000 shares of the company’s stock in a transaction dated Thursday, September 3rd. The shares were purchased at an average price of C$116.93 per share, for a total transaction of C$116,930.00. Following the purchase, the director directly owned 20,337 shares of the company’s stock, valued at approximately C$2,378,005.41. This trade represents a 5.17% increase in their ownership of the stock. In the last ninety days, insiders have purchased 1,284 shares of company stock worth $151,457 and have sold 9,500 shares worth $1,204,485. Company insiders own 6.44% of the company’s stock.

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.