Donald Streuber Sells 5,000 Shares of Exchange Income (TSE:EIF) Stock

Exchange Income Co. (TSE:EIF) Director Donald Streuber sold 5,000 shares of the company’s stock in a transaction dated 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 transaction, the director owned 279,299 shares in the company, valued at C$36,431,761.56. The trade was a 1.76% decrease in their ownership of the stock.

Exchange Income Price Performance

Shares of EIF stock traded down C$2.63 during midday trading on Friday, reaching C$128.43. 56,321 shares of the company traded hands, compared to its average volume of 172,547. The firm’s 50 day simple moving average is C$129.75 and its two-hundred day simple moving average is C$114.08. Exchange Income Co. has a 1-year low of C$69.67 and a 1-year high of C$136.75. 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 firm has a market cap of C$7.23 billion, a PE ratio of 34.80, a price-to-earnings-growth ratio of 1.42 and a beta of 1.03.

Exchange Income (TSE:EIF) last released its quarterly earnings results on Tuesday, August 11th. The company reported C$1.13 earnings per share 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 for the quarter. On average, equities research analysts expect that Exchange Income Co. will post 3.9962963 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on EIF. Canaccord Genuity Group raised their price target on Exchange Income from C$129.00 to C$150.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. National Bank Financial increased their price objective on shares of Exchange Income from C$144.00 to C$145.00 and gave the company an “outperform” rating in a research note on Thursday, August 13th. Royal Bank Of Canada lifted their target price on shares of Exchange Income from C$150.00 to C$156.00 and gave the stock an “outperform” rating in a research report on Thursday, August 13th. Desjardins upped their price target on shares of Exchange Income from C$135.00 to C$145.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. Finally, Raymond James Financial increased 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 report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating and twelve have given a Buy rating to the company’s stock. Based on data from MarketBeat, Exchange Income currently has an average rating of “Buy” and an average price target of C$145.92.

About Exchange Income

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.