Exchange Income (TSE:EIF) Stock Crosses Above 200 Day Moving Average - What's Next?

Key Points

• Exchange Income shares rose above their 200-day moving average, reaching C$128.45 and last trading at C$128.18, up 2.2%. The stock’s 200-day average is C$112.34.
• Analysts remain broadly bullish: all 13 tracked analysts rate the stock a Buy, with a consensus target of C$136.62. Several firms recently raised their targets, ranging from C$135 to C$150.
• The company reported quarterly revenue of C$952.16 million and earnings of C$1.13 per share. Exchange Income operates diversified aerospace, aviation, and manufacturing businesses, while an insider recently sold 1,000 shares.

Shares of Exchange Income Co. (TSE:EIF - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$112.34 and traded as high as C$128.45. Exchange Income shares last traded at C$128.18, with a volume of 100,797 shares traded.

Analyst Upgrades and Downgrades

EIF has been the topic of several research reports. TD upped their target price on Exchange Income from C$125.00 to C$142.00 and gave the company a "buy" rating in a research report on Monday, June 8th. National Bank Financial lifted their price target on Exchange Income from C$125.00 to C$144.00 and gave the stock an "outperform" rating in a report on Thursday, July 9th. Scotiabank boosted their price target on Exchange Income from C$129.00 to C$145.00 in a research note on Thursday, July 16th. Desjardins upped their price objective on Exchange Income from C$120.00 to C$135.00 in a report on Wednesday, July 22nd. Finally, Royal Bank Of Canada increased their price objective on Exchange Income from C$127.00 to C$150.00 and gave the stock an "outperform" rating in a research report on Monday, June 29th. Thirteen research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of C$136.62.

Exchange Income Stock Up 2.2%

The firm has a 50-day simple moving average of C$128.49 and a 200 day simple moving average of C$112.34. The stock has a market capitalization of C$7.22 billion, a P/E ratio of 36.94, a P/E/G ratio of 1.42 and a beta of 1.03. The company has a debt-to-equity ratio of 141.03, a current ratio of 1.64 and a quick ratio of 1.12.

Exchange Income (TSE:EIF - Get Free Report) 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 11.35% and a net margin of 5.41%.The company had revenue of C$952.16 million for the quarter. On average, equities research analysts forecast that Exchange Income Co. will post 3.9962963 EPS for the current year.

Insider Buying and Selling

In other Exchange Income news, 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 transaction of C$130,640.00. Following the sale, the director directly owned 5,080 shares of the company's stock, valued at C$663,651.20. The trade was a 16.45% decrease in their position. 6.44% of the stock is currently owned by corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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