Michael Pyle Buys 1,000 Shares of Exchange Income (TSE:EIF) Stock

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

Exchange Income Stock Up 1.1%

EIF opened at C$120.46 on Friday. The business’s 50-day simple moving average is C$127.66 and its 200-day simple moving average is C$115.73. The company has a debt-to-equity ratio of 141.68, a quick ratio of 1.12 and a current ratio of 1.63. Exchange Income Co. has a one year low of C$69.67 and a one year high of C$136.75. The stock has a market capitalization of C$6.79 billion, a P/E ratio of 32.64, a price-to-earnings-growth ratio of 1.42 and a beta of 1.03.

Exchange Income (TSE:EIF) last announced its earnings results on Tuesday, August 11th. The company reported C$1.13 earnings per share (EPS) for the quarter. The firm 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%. Analysts anticipate that Exchange Income Co. will post 3.9962963 EPS for the current year.

Analyst Ratings Changes

Several analysts recently commented on the stock. Canaccord Genuity Group upped their price target on shares of Exchange Income from C$129.00 to C$150.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Canadian Imperial Bank of Commerce raised their price objective on shares of Exchange Income from C$141.00 to C$151.00 in a research report on Thursday, August 13th. Desjardins lifted their price objective on shares of Exchange Income from C$135.00 to C$145.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. TD upped their target price on shares of Exchange Income from C$142.00 to C$151.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Finally, National Bank Financial increased their target price on shares of Exchange Income from C$144.00 to C$145.00 and gave the stock an “outperform” rating in a research note on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating and twelve have issued a Buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$145.92.

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.