Exchange Income (TSE:EIF) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of 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$102.25 and traded as high as C$132.71. Exchange Income shares last traded at C$131.14, with a volume of 141,043 shares changing hands.

Analysts Set New Price Targets

EIF has been the subject of several analyst reports. Royal Bank Of Canada cut their target price on Exchange Income from C$133.00 to C$127.00 and set an “outperform” rating for the company in a research report on Wednesday, May 13th. Desjardins increased their price objective on Exchange Income from C$116.00 to C$120.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Canaccord Genuity Group increased their price objective on Exchange Income from C$116.00 to C$129.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Raymond James Financial lifted their price objective on Exchange Income from C$130.00 to C$142.00 and gave the company a “buy” rating in a report on Thursday, June 4th. Finally, Canadian Imperial Bank of Commerce boosted their target price on shares of Exchange Income from C$123.00 to C$141.00 and gave the company an “outperformer” rating in a research note on Wednesday, June 10th. Fourteen equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$125.75.

Exchange Income Trading Down 0.3%

The company has a debt-to-equity ratio of 141.03, a quick ratio of 1.12 and a current ratio of 1.64. The stock has a market cap of C$7.37 billion, a P/E ratio of 37.69, a P/E/G ratio of 1.42 and a beta of 1.01. The company has a 50-day simple moving average of C$114.73 and a 200-day simple moving average of C$102.45.

Exchange Income (TSE:EIF) last announced its earnings results on Monday, May 11th. The company reported C$0.61 EPS for the quarter. Exchange Income had a return on equity of 11.35% and a net margin of 5.41%.The company had revenue of C$866.58 million for the quarter. On average, sell-side analysts forecast that Exchange Income Co. will post 3.9962963 EPS for the current fiscal year.

Insider Buying and Selling

In other Exchange Income news, Director Duncan Draper Jessiman sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of C$101.80, for a total value of C$305,400.00. Following the completion of the sale, the director owned 6,080 shares in the company, valued at approximately C$618,944. This trade represents a 33.04% decrease in their position. 6.44% of the stock is currently owned by corporate insiders.

Exchange Income Company Profile

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.