Exchange Income (TSE:EIF) Director Sells C$652,200.00 in Stock

Key Points

• Director Donald Streuber sold 5,000 Exchange Income shares at an average price of C$130.44, totaling C$652,200 and reducing his ownership by 1.76%. He continues to directly own 279,299 shares valued at approximately C$36.4 million.
• Exchange Income shares traded at C$128.43, giving the company a market capitalization of about C$7.23 billion. The stock remains near its 52-week high of C$136.75 and above its 200-day moving average of C$114.08.
• Analyst sentiment remains positive: the stock has an average “Buy” rating and a consensus price target of C$145.92, with recent targets raised to between C$150 and C$156. The company reported quarterly revenue of C$952.16 million and EPS of C$1.13.

Exchange Income Co. (TSE:EIF - Get Free Report) Director Donald Streuber sold 5,000 shares of Exchange Income stock in a transaction on Thursday, August 20th. The shares were sold at an average price of C$130.44, for a total transaction of C$652,200.00. Following the completion of the transaction, the director directly 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 Stock Performance

TSE:EIF traded down C$2.63 during trading hours on Friday, reaching C$128.43. 56,321 shares of the company's stock were exchanged, compared to its average volume of 172,547. The firm has a market capitalization of C$7.23 billion, a price-to-earnings ratio of 34.80, a P/E/G ratio of 1.42 and a beta of 1.03. The company has a 50-day moving average of C$129.75 and a 200 day moving average of C$114.08. The company has a quick ratio of 1.12, a current ratio of 1.63 and a debt-to-equity ratio of 141.68. Exchange Income Co. has a 1-year low of C$69.67 and a 1-year high of C$136.75.

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

Analyst Ratings Changes

A number of research firms have weighed in on EIF. Raymond James Financial increased 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. Scotiabank lifted their price objective on shares of Exchange Income from C$140.00 to C$150.00 and gave the company a "sector outperform" rating in a research report on Thursday, August 13th. Paradigm Capital upped their price objective on shares of Exchange Income from C$120.00 to C$122.00 and gave the stock 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. 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 MarketBeat.com, Exchange Income currently has an average rating of "Buy" and a consensus price target 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.

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