Key Points
- Director Michael Pyle purchased 1,000 Exchange Income shares at an average price of C$116.93, investing C$116,930 and increasing his direct holdings by 5.17% to 20,337 shares.
- Exchange Income reported quarterly earnings of C$1.13 per share on revenue of C$952.16 million, with a 5.53% net margin and 11.69% return on equity.
- Analysts remain bullish, with the stock receiving a consensus “Buy” rating and an average price target of C$145.92; several brokerages recently raised their targets to C$150 or higher.
Exchange Income Co. (TSE:EIF - Get Free Report) Director Michael Pyle bought 1,000 shares of the firm's stock in a transaction dated Thursday, September 3rd. The shares were bought at an average price of C$116.93 per share, with a total value of C$116,930.00. Following the completion of the transaction, the director directly owned 20,337 shares in the company, valued at approximately C$2,378,005.41. This trade represents a 5.17% increase in their position.
Exchange Income Stock Performance
Shares of EIF stock opened at C$119.18 on Friday. The stock has a market cap of C$6.71 billion, a PE ratio of 32.30, a price-to-earnings-growth ratio of 1.42 and a beta of 1.03. The stock has a 50-day moving average of C$127.87 and a 200-day moving average of C$115.70. The company has a debt-to-equity ratio of 141.68, a current ratio of 1.63 and a quick ratio of 1.12. Exchange Income Co. has a one year low of C$69.67 and a one year high of C$136.75.
Exchange Income (TSE:EIF - Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The company reported C$1.13 earnings per share for the quarter. The business had revenue of C$952.16 million for the quarter. Exchange Income had a net margin of 5.53% and a return on equity of 11.69%. As a group, sell-side analysts expect that Exchange Income Co. will post 3.9962963 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on EIF. Scotiabank lifted 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. Raymond James Financial upped their price objective on shares of Exchange Income from C$142.00 to C$150.00 and gave the company a "strong-buy" rating in a research report on Thursday, August 13th. Canaccord Genuity Group raised their price objective on Exchange Income from C$129.00 to C$150.00 and gave the stock a "buy" rating in a research note on Thursday, August 13th. Desjardins lifted their target price on Exchange Income from C$135.00 to C$145.00 and gave the stock a "buy" rating in a report on Wednesday, August 12th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating and twelve have given a Buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of C$145.92.
Read Our Latest Stock Analysis on Exchange Income
About Exchange Income
(
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.
Further Reading
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