Exchange Income (TSE:EIF) Stock Price Breaks Above Two Hundred Day Moving Average – What’s Next?

Shares of Exchange Income Co. (TSE:EIF) crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of C$118.04 and traded as high as C$125.48. Exchange Income shares last traded at C$124.23, with a volume of 110,593 shares changing hands.

Wall Street Analyst Weigh In

EIF has been the subject of several recent research reports. TD boosted 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 research note on Thursday, August 13th. Scotiabank raised their price target on shares of Exchange Income from C$140.00 to C$150.00 and gave the stock a “sector outperform” rating in a research report on Thursday, August 13th. Royal Bank Of Canada boosted their price objective on shares of Exchange Income from C$150.00 to C$156.00 and gave the company an “outperform” rating in a research report on Thursday, August 13th. Raymond James Financial increased their price objective on shares of Exchange Income from C$142.00 to C$150.00 and gave the stock a “strong-buy” rating in a research note on Thursday, August 13th. Finally, Canaccord Genuity Group raised their target price on shares of Exchange Income from C$129.00 to C$150.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating and twelve have issued a Buy rating to the company’s stock. According to data from MarketBeat, Exchange Income has an average rating of “Buy” and an average price target of C$145.92.

Exchange Income Price Performance

The company has a market capitalization of C$6.55 billion, a P/E ratio of 31.49, a PEG ratio of 1.42 and a beta of 0.94. The company has a quick ratio of 1.12, a current ratio of 1.63 and a debt-to-equity ratio of 141.68. The business has a 50 day simple moving average of C$123.81 and a 200-day simple moving average of C$118.20.

Exchange Income (TSE:EIF) last released its quarterly earnings results on Tuesday, August 11th. The company reported C$1.13 EPS for the quarter. The business had revenue of C$952.16 million during the quarter. Exchange Income had a net margin of 5.53% and a return on equity of 11.69%. Analysts predict that Exchange Income Co. will post 3.9962963 EPS for the current fiscal year.

Insider Activity

In other Exchange Income news, Director Donald Streuber sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of C$130.44, for a total value of C$652,200.00. Following the sale, the director 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. Also, Director Michael Pyle purchased 1,000 shares of the business’s stock in a transaction dated Thursday, September 3rd. The shares were acquired 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. In the last 90 days, insiders acquired 1,534 shares of company stock valued at $181,356. 6.44% of the stock is owned by 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.