Exchange Income (TSE:EIF) Director Duncan Draper Jessiman Sells 1,000 Shares of Stock

Exchange Income Co. (TSE:EIF) Director Duncan Draper Jessiman sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of C$130.64, for a total value of C$130,640.00. Following the sale, the director owned 5,080 shares of the company’s stock, valued at approximately C$663,651.20. This represents a 16.45% decrease in their position.

Exchange Income Stock Down 1.5%

Shares of EIF traded down C$1.96 during trading hours on Thursday, reaching C$130.35. The stock had a trading volume of 75,703 shares, compared to its average volume of 178,779. Exchange Income Co. has a 12 month low of C$63.97 and a 12 month high of C$135.00. The firm has a 50-day simple moving average of C$116.38 and a 200 day simple moving average of C$103.65. The company has a current ratio of 1.64, a quick ratio of 1.12 and a debt-to-equity ratio of 141.03. The company has a market capitalization of C$7.34 billion, a price-to-earnings ratio of 37.56, a P/E/G ratio of 1.42 and a beta of 1.01.

Exchange Income (TSE:EIF) last posted its quarterly earnings results on Monday, May 11th. The company reported C$0.61 earnings per share (EPS) for the quarter. The business had revenue of C$866.58 million during the quarter. Exchange Income had a net margin of 5.41% and a return on equity of 11.35%. Equities research analysts predict that Exchange Income Co. will post 3.9962963 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Paradigm Capital raised their price target on shares of Exchange Income from C$120.00 to C$122.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. TD raised their target price on Exchange Income from C$125.00 to C$142.00 and gave the company a “buy” rating in a report on Monday, June 8th. Canadian Imperial Bank of Commerce lifted their target price on Exchange Income from C$123.00 to C$141.00 and gave the company an “outperformer” rating in a research report on Wednesday, June 10th. Canaccord Genuity Group upped their price target on Exchange Income from C$116.00 to C$129.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Finally, BMO Capital Markets upgraded Exchange Income from a “market perform” rating to an “outperform” rating and raised their price objective for the company from C$111.00 to C$120.00 in a research note on Wednesday, May 13th. Fourteen analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Exchange Income currently has a consensus rating of “Buy” and a consensus target price of C$127.39.

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.