Exchange Income (TSE:EIF) Director Michael Pyle Purchases 1,000 Shares

Exchange Income Co. (TSE:EIF) Director Michael Pyle acquired 1,000 shares of the stock in a transaction on Thursday, September 3rd. The stock was purchased at an average cost of C$116.93 per share, with a total value of C$116,930.00. Following the transaction, the director directly owned 20,337 shares of the company’s stock, valued at C$2,378,005.41. This represents a 5.17% increase in their ownership of the stock.

Exchange Income Stock Up 1.7%

Shares of EIF traded up C$1.96 during mid-day trading on Thursday, reaching C$118.36. 50,677 shares of the stock traded hands, compared to its average volume of 170,559. Exchange Income Co. has a 12-month low of C$69.67 and a 12-month high of C$136.75. The firm has a market cap of C$6.67 billion, a price-to-earnings ratio of 32.08, a P/E/G ratio of 1.42 and a beta of 1.03. The company has a quick ratio of 1.12, a current ratio of 1.63 and a debt-to-equity ratio of 141.68. The stock has a fifty day simple moving average of C$128.11 and a 200 day simple moving average of C$115.55.

Exchange Income (TSE:EIF) last released its quarterly 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 for the quarter. Exchange Income had a return on equity of 11.69% and a net margin of 5.53%. Sell-side analysts expect that Exchange Income Co. will post 3.9962963 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on EIF. Raymond James Financial raised their price target on shares of Exchange Income from C$142.00 to C$150.00 and gave the stock a “strong-buy” rating in a research report on Thursday, August 13th. TD boosted 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. ATB Cormark Capital Markets increased their price target 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. BMO Capital Markets lifted their price target on Exchange Income from C$140.00 to C$152.00 in a research note on Thursday, August 13th. Finally, National Bank Financial boosted their price objective on Exchange Income from C$144.00 to C$145.00 and gave the company an “outperform” rating in a report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating and twelve have issued a Buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target 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.