Exchange Income (TSE:EIF) Director Sells C$652,200.00 in Stock

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

Exchange Income Price Performance

Shares of TSE EIF opened at C$127.78 on Monday. The company has a quick ratio of 1.12, a current ratio of 1.63 and a debt-to-equity ratio of 141.68. Exchange Income Co. has a 52 week low of C$69.67 and a 52 week high of C$136.75. The firm has a 50-day moving average price of C$129.72 and a 200 day moving average price of C$114.29. The stock has a market capitalization of C$7.20 billion, a price-to-earnings ratio of 34.63, a price-to-earnings-growth ratio of 1.42 and a beta of 1.03.

Exchange Income (TSE:EIF) last released its quarterly earnings data on Tuesday, August 11th. The company reported C$1.13 EPS 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. Equities research analysts anticipate that Exchange Income Co. will post 3.9962963 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on EIF. Royal Bank Of Canada upped their price target on Exchange Income from C$150.00 to C$156.00 and gave the stock an “outperform” rating in a report on Thursday, August 13th. 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. Desjardins boosted their target price on Exchange Income from C$135.00 to C$145.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Scotiabank upped their target price on 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, TD raised their price target on Exchange Income from C$142.00 to C$151.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating and twelve have given a Buy rating to the stock. According to data from MarketBeat.com, the stock has an average 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.