Exchange Income (TSE:EIF) Director Michael Pyle Purchases 1,000 Shares

Exchange Income Co. (TSE:EIF) Director Michael Pyle purchased 1,000 shares of the stock in a transaction that occurred on Thursday, September 3rd. The stock was bought at an average cost of C$116.93 per share, with a total value of C$116,930.00. Following the acquisition, the director owned 20,337 shares of the company’s stock, valued at C$2,378,005.41. This represents a 5.17% increase in their ownership of the stock.

Exchange Income Stock Performance

EIF stock opened at C$119.18 on Friday. The company has a 50 day moving average price of C$127.87 and a 200 day moving average price of C$115.70. Exchange Income Co. has a fifty-two week low of C$69.67 and a fifty-two week 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 stock has a market capitalization 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.

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

Wall Street Analysts Forecast Growth

EIF has been the subject of a number of research reports. Raymond James Financial lifted their price objective on Exchange Income from C$142.00 to C$150.00 and gave the stock a “strong-buy” rating in a research report on Thursday, August 13th. Paradigm Capital upped their target price 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. BMO Capital Markets raised their target price on shares of Exchange Income from C$140.00 to C$152.00 in a research note on Thursday, August 13th. Canaccord Genuity Group lifted their price target on shares of Exchange Income from C$129.00 to C$150.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Finally, Royal Bank Of Canada boosted their price target on shares of Exchange Income from C$150.00 to C$156.00 and gave the stock an “outperform” rating in a research note on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating and twelve have issued a Buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price 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.