Key Points
- Director Donald Streuber sold 5,000 Exchange Income shares at an average price of C$130.44, generating C$652,200. He retained 279,299 shares after the transaction.
- Exchange Income reported quarterly earnings of C$1.13 per share on revenue of C$952.16 million. The stock opened at C$127.78 and has a market capitalization of approximately C$7.20 billion.
- Analysts remain bullish, with multiple firms raising price targets; the consensus rating is Buy and the average target price is C$145.92.
Exchange Income Co. (TSE:EIF - Get Free Report) Director Donald Streuber sold 5,000 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of C$130.44, for a total transaction of C$652,200.00. Following the sale, the director owned 279,299 shares in the company, valued at C$36,431,761.56. This represents a 1.76% decrease in their position.
Exchange Income Stock Performance
Shares of TSE:EIF opened at C$127.78 on Friday. Exchange Income Co. has a 1 year low of C$69.67 and a 1 year high of C$136.75. The stock has a market capitalization of C$7.20 billion, a price-to-earnings ratio of 34.63, a price-to-earnings-growth ratio of 1.42 and a beta of 1.03. The company has a debt-to-equity ratio of 141.68, a current ratio of 1.63 and a quick ratio of 1.12. The company's 50 day simple moving average is C$129.72 and its 200 day simple moving average is C$114.17.
Exchange Income (TSE:EIF - Get Free Report) last released its earnings results on Tuesday, August 11th. The company reported C$1.13 earnings per share 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%. As a group, research analysts predict that Exchange Income Co. will post 3.9962963 EPS for the current fiscal year.
Analysts Set New Price Targets
Several analysts recently weighed in on the company. Royal Bank Of Canada raised their price objective on Exchange Income from C$150.00 to C$156.00 and gave the company an "outperform" rating in a research note on Thursday, August 13th. Scotiabank lifted their target price on Exchange Income from C$140.00 to C$150.00 and gave the company a "sector outperform" rating in a research report on Thursday, August 13th. BMO Capital Markets boosted their target price on Exchange Income from C$140.00 to C$152.00 in a research note on Thursday, August 13th. ATB Cormark Capital Markets increased their target price on shares of Exchange Income from C$146.00 to C$165.00 and gave the stock an "outperform" rating in a report on Thursday, August 13th. Finally, Raymond James Financial raised 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. One analyst has rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of C$145.92.
Read Our Latest Research Report on EIF
Exchange Income Company Profile
(
Get Free Report)
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.
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