Insider Selling: Exchange Income (TSE:EIF) Director Sells C$130,640.00 in Stock

Exchange Income Co. (TSE:EIF) Director Duncan Draper Jessiman sold 1,000 shares of Exchange Income stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of C$130.64, for a total transaction of C$130,640.00. Following the sale, the director directly owned 5,080 shares in the company, valued at C$663,651.20. This trade represents a 16.45% decrease in their ownership of the stock.

Exchange Income Trading Down 1.5%

TSE EIF traded down C$1.96 during trading hours on Thursday, reaching C$130.35. The company’s stock had a trading volume of 75,703 shares, compared to its average volume of 178,779. The stock has a market cap of C$7.34 billion, a P/E ratio of 37.56, a P/E/G ratio of 1.42 and a beta of 1.01. Exchange Income Co. has a 52 week low of C$63.97 and a 52 week high of C$135.00. The firm has a fifty day simple moving average of C$116.38 and a 200-day simple moving average of C$103.65. The company has a debt-to-equity ratio of 141.03, a current ratio of 1.64 and a quick ratio of 1.12.

Exchange Income (TSE:EIF) last issued its quarterly earnings results on Monday, May 11th. The company reported C$0.61 earnings per share for the quarter. The company had revenue of C$866.58 million during the quarter. Exchange Income had a return on equity of 11.35% and a net margin of 5.41%. Equities analysts forecast that Exchange Income Co. will post 3.9962963 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on EIF. Royal Bank Of Canada upped their price target on shares of Exchange Income from C$127.00 to C$150.00 and gave the company an “outperform” rating in a research report on Monday. Desjardins raised their target price 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. 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 boosted their price target on Exchange Income from C$130.00 to C$142.00 and gave the company a “buy” rating in a research note on Thursday, June 4th. Finally, Scotiabank increased their price target on Exchange Income from C$121.00 to C$129.00 and gave the stock an “outperform” rating in a report on Monday, March 9th. Fourteen equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Exchange Income currently has an average rating of “Buy” and a consensus target price of C$127.39.

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.