Insider Selling: Exchange Income (TSE:EIF) Director Sells C$421,645.00 in Stock

Exchange Income Co. (TSE:EIF) Director Donald Streuber sold 3,500 shares of the business’s stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of C$120.47, for a total transaction of C$421,645.00. Following the sale, the director owned 27,368 shares in the company, valued at approximately C$3,297,022.96. This trade represents a 11.34% decrease in their position.

Donald Streuber also recently made the following trade(s):

• On Thursday, August 20th, Donald Streuber sold 5,000 shares of Exchange Income stock. The stock was sold at an average price of C$130.44, for a total transaction of C$652,200.00.

Exchange Income Stock Down 1.6%

Shares of Exchange Income stock opened at C$116.84 on Friday. Exchange Income Co. has a 1 year low of C$69.71 and a 1 year high of C$136.75. The firm has a market cap of C$6.59 billion, a price-to-earnings ratio of 31.66, a PEG ratio of 1.42 and a beta of 0.94. The company has a 50-day moving average of C$126.43 and a 200 day moving average of C$116.41. 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 (TSE:EIF) last released its earnings results on Tuesday, August 11th. The company reported C$1.13 earnings per share (EPS) for the quarter. The firm had revenue of C$952.16 million during 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 anticipate that Exchange Income Co. will post 3.9962963 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. BMO Capital Markets increased their price target on shares of Exchange Income from C$140.00 to C$152.00 in a report on Thursday, August 13th. Canadian Imperial Bank of Commerce upped their price objective on Exchange Income from C$141.00 to C$151.00 in a research report on Thursday, August 13th. Desjardins increased their target price on Exchange Income from C$135.00 to C$145.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. ATB Cormark Capital Markets lifted their target price on 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, National Bank Financial boosted their price target on Exchange Income from C$144.00 to C$145.00 and gave the stock an “outperform” rating in a research note on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating and twelve have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, Exchange Income currently has an average rating of “Buy” and a consensus target price of C$145.92.

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.