Exchange Income (TSE:EIF) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Exchange Income Co. (TSE:EIF) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$114.08 and traded as high as C$131.38. Exchange Income shares last traded at C$131.06, with a volume of 153,512 shares traded.

Analyst Ratings Changes

A number of analysts have commented on EIF shares. Paradigm Capital lifted their target price on Exchange Income from C$120.00 to C$122.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Raymond James Financial increased their price objective 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. Scotiabank boosted their target price on Exchange Income from C$140.00 to C$150.00 and gave the stock a “sector outperform” rating in a research report on Thursday, August 13th. ATB Cormark Capital Markets boosted their target price on 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. Finally, Desjardins raised their price target on shares of Exchange Income from C$135.00 to C$145.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating and twelve have given a Buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$145.92.

Exchange Income Price Performance

The stock has a market capitalization of C$7.20 billion, a P/E ratio of 34.63, a PEG ratio of 1.42 and a beta of 1.03. 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 fifty day moving average price of C$129.72 and a two-hundred day moving average price of C$114.17.

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

Insider Transactions at Exchange Income

In other news, Director Donald Streuber sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of C$130.44, for a total transaction of C$652,200.00. Following the completion of the sale, the director owned 279,299 shares of the company’s stock, valued at C$36,431,761.56. This represents a 1.76% decrease in their position. Also, Director Duncan Draper Jessiman sold 1,000 shares of the stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of C$130.64, for a total transaction of C$130,640.00. Following the completion of the transaction, the director owned 5,080 shares in the company, valued at C$663,651.20. This trade represents a 16.45% decrease in their position. 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.