Exchange Income (TSE:EIF) Share Price Passes Above 200 Day Moving Average - Here's Why

Shares of Exchange Income Co. (TSE:EIF - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$53.60 and traded as high as C$57.90. Exchange Income shares last traded at C$56.90, with a volume of 100,334 shares.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on EIF. CIBC boosted their target price on shares of Exchange Income from C$69.00 to C$73.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. ATB Capital boosted their target price on shares of Exchange Income from C$68.00 to C$70.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Paradigm Capital set a C$69.00 target price on shares of Exchange Income and gave the stock a "buy" rating in a research report on Thursday, January 30th. Scotiabank boosted their target price on shares of Exchange Income from C$64.00 to C$66.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Finally, Royal Bank of Canada boosted their target price on shares of Exchange Income from C$64.00 to C$66.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Nine research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Exchange Income currently has a consensus rating of "Buy" and a consensus price target of C$70.50.

Exchange Income Trading Down 0.5%

The company has a debt-to-equity ratio of 173.72, a quick ratio of 1.13 and a current ratio of 1.76. The company has a market capitalization of C$2.86 billion, a price-to-earnings ratio of 22.42, a P/E/G ratio of 1.42 and a beta of 2.04. The business's 50-day simple moving average is C$51.85 and its 200-day simple moving average is C$53.64.

Insider Buying and Selling at Exchange Income

In other news, Director Brad Bennett purchased 25,000 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average cost of C$49.77 per share, for a total transaction of C$1,244,182.50. Also, Director Michael Pyle purchased 4,000 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was purchased at an average price of C$50.26 per share, for a total transaction of C$201,052.00. In the last three months, insiders have acquired 30,011 shares of company stock worth $1,495,322. Company insiders own 6.44% of the company's stock.

Exchange Income Company Profile

Exchange Income Corp is a diversified acquisition-oriented corporation focused on opportunities in two sectors, aerospace, aviation services and equipment, and manufacturing. The business plan of the corporation is to invest in profitable, well-established companies with strong cash flows operating in niche markets.