Exchange Income (TSE:EIF) Shares Cross Above 50 Day Moving Average – Here’s What Happened

Exchange Income Co. (TSE:EIF)’s share price 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.

Analysts Set New Price Targets

A number of analysts recently issued reports on EIF shares. Raymond James Financial lifted their target price on Exchange Income from C$142.00 to C$150.00 and gave the company a “strong-buy” rating in a research report on Thursday, August 13th. National Bank Financial set a C$145.00 target price on shares of Exchange Income and gave the stock an “outperform” rating in a report on Thursday, October 8th. TD increased their price target 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. Ventum Capital set a C$150.00 target price on Exchange Income and gave the stock a “buy” rating in a research note on Tuesday. Finally, ATB Cormark Capital Markets lifted their price objective on Exchange Income from C$146.00 to C$165.00 and gave the stock an “outperform” rating in a report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, Exchange Income has a consensus rating of “Buy” and a consensus price target of C$146.21.

Exchange Income Trading Up 2.6%

The stock 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 debt-to-equity ratio of 141.68, a quick ratio of 1.12 and a current ratio of 1.63. The firm 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) last issued its quarterly 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 firm had revenue of C$952.16 million for the quarter. As a group, sell-side analysts anticipate that Exchange Income Co. will post 4.00 EPS for the current year.

Insider Buying and Selling at Exchange Income

In other Exchange Income news, Director Michael Pyle acquired 1,000 shares of the business’s stock in a transaction dated Thursday, September 3rd. The stock was bought at an average price of C$116.93 per share, with a total value of C$116,930.00. Following the purchase, the director 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. Also, Director Donald Streuber sold 3,500 shares of the business’s 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 value of C$421,645.00. Following the transaction, the director owned 27,368 shares of the company’s stock, valued at approximately C$3,297,022.96. This trade represents a 11.34% decrease in their ownership of the stock. Insiders have purchased a total of 1,534 shares of company stock worth $181,356 in the last ninety days. 6.44% of the stock is currently owned by company 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.