Donald Streuber Sells 5,000 Shares of Exchange Income (TSE:EIF) Stock

Exchange Income Co. (TSE:EIF) Director Donald Streuber sold 5,000 shares of Exchange Income stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of C$130.44, for a total value of C$652,200.00. Following the sale, the director directly owned 279,299 shares in the company, valued at C$36,431,761.56. The trade was a 1.76% decrease in their ownership of the stock.

Exchange Income Trading Down 2.5%

EIF stock opened at C$127.78 on Friday. Exchange Income Co. has a 1-year low of C$69.67 and a 1-year high of C$136.75. 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 business’s 50 day moving average is C$129.72 and its 200-day moving average is C$114.17. The firm has a market cap of C$7.20 billion, a P/E ratio of 34.63, a P/E/G ratio of 1.42 and a beta of 1.03.

Exchange Income (TSE:EIF) last posted its earnings results 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%. Equities analysts anticipate that Exchange Income Co. will post 3.9962963 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

EIF has been the subject of a number of analyst reports. Canadian Imperial Bank of Commerce lifted their price objective on Exchange Income from C$141.00 to C$151.00 in a report on Thursday, August 13th. National Bank Financial upped their target price on shares of Exchange Income from C$144.00 to C$145.00 and gave the stock an “outperform” rating in a report on Thursday, August 13th. ATB Cormark Capital Markets increased their target price on shares of Exchange Income from C$146.00 to C$165.00 and gave the stock an “outperform” rating in a research 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 company a “sector outperform” rating in a report on Thursday, August 13th. Finally, Canaccord Genuity Group lifted their price target on shares of 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 equities research analyst has rated the stock with a Strong Buy rating and twelve have issued a Buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$145.92.

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.