Exchange Income (TSE:EIF) Insider Richard Wowryk Purchases 205 Shares of Stock

Exchange Income Co. (TSE:EIF) insider Richard Wowryk bought 205 shares of the firm’s stock in a transaction dated Tuesday, September 22nd. The shares were acquired at an average price of C$119.60 per share, for a total transaction of C$24,518.00. Following the completion of the transaction, the insider directly owned 2,745 shares in the company, valued at approximately C$328,302. This represents a 8.07% increase in their position.

Richard Wowryk also recently made the following trade(s):

• On Tuesday, September 22nd, Richard Wowryk bought 45 shares of Exchange Income stock. The stock was bought at an average price of C$119.58 per share, with a total value of C$5,381.10.

Exchange Income Trading Up 1.5%

EIF stock traded up C$1.71 during mid-day trading on Tuesday, reaching C$119.47. 28,964 shares of the stock traded hands, compared to its average volume of 165,996. 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$70.90 and a one year high of C$136.75. The stock has a market capitalization of C$6.74 billion, a PE ratio of 32.38, a PEG ratio of 1.42 and a beta of 0.94. The business has a 50-day moving average price of C$124.62 and a two-hundred day moving average price of C$116.97.

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. Exchange Income had a return on equity of 11.69% and a net margin of 5.53%.The business had revenue of C$952.16 million during the quarter. Equities research analysts expect that Exchange Income Co. will post 3.9962963 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on EIF shares. BMO Capital Markets lifted their price objective on shares of Exchange Income from C$140.00 to C$152.00 in a report on Thursday, August 13th. Canadian Imperial Bank of Commerce raised their target price on shares of Exchange Income from C$141.00 to C$151.00 in a research report on Thursday, August 13th. Raymond James Financial lifted their price target on shares of Exchange Income from C$142.00 to C$150.00 and gave the company a “strong-buy” rating in a research note on Thursday, August 13th. Royal Bank Of Canada raised their price objective 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. Finally, TD lifted their target price 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 assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average 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.