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

Key Points

• Stock price crossed above its 200-day moving average, trading as high as C$107.75 and last at C$105.00 versus the 200-day MA of C$88.10 (volume 204,833).
• Analysts have been raising targets and ratings, leaving EIF with a consensus Buy and an average price target of C$115.04, with individual targets as high as C$135.
• Key fundamentals: market cap C$5.89B, P/E 33.65 and high leverage (debt-to-equity 149.91); the company reported quarterly EPS of C$1.06 on C$929.6M revenue, and an insider recently sold 3,000 shares.

Exchange Income Co. (TSE:EIF - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$88.10 and traded as high as C$107.75. Exchange Income shares last traded at C$105.00, with a volume of 204,833 shares trading hands.

Analysts Set New Price Targets

EIF has been the subject of several research reports. Desjardins lifted their price target on shares of Exchange Income from C$87.00 to C$102.00 and gave the company a "buy" rating in a research report on Friday, January 23rd. Scotiabank boosted their price target on shares of Exchange Income from C$121.00 to C$129.00 and gave the stock an "outperform" rating in a report on Monday, March 9th. ATB Cormark Capital Markets increased their price target on Exchange Income from C$120.00 to C$125.00 and gave the stock a "buy" rating in a research note on Thursday, February 26th. Canadian Imperial Bank of Commerce upped their price objective on shares of Exchange Income from C$106.00 to C$120.00 and gave the company an "outperform" rating in a report on Thursday, February 26th. Finally, Ventum Financial upped their price objective on shares of Exchange Income from C$110.00 to C$135.00 and gave the company a "buy" rating in a report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Exchange Income currently has a consensus rating of "Buy" and an average target price of C$115.04.

Exchange Income Price Performance

The company has a quick ratio of 1.13, a current ratio of 1.71 and a debt-to-equity ratio of 149.91. The business's 50-day simple moving average is C$101.57 and its 200 day simple moving average is C$88.10. The firm has a market capitalization of C$5.89 billion, a P/E ratio of 33.65, a PEG ratio of 1.42 and a beta of 0.92.

Exchange Income (TSE:EIF - Get Free Report) last issued its quarterly earnings results on Tuesday, February 24th. The company reported C$1.06 EPS for the quarter. The business had revenue of C$929.55 million for the quarter. Exchange Income had a net margin of 5.11% and a return on equity of 10.61%. Sell-side analysts forecast that Exchange Income Co. will post 3.9962963 earnings per share for the current year.

Insider Buying and Selling at Exchange Income

In other news, Director Duncan Draper Jessiman sold 3,000 shares of the stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of C$101.80, for a total transaction of C$305,400.00. Following the completion of the sale, the director owned 6,080 shares of the company's stock, valued at approximately C$618,944. This represents a 33.04% decrease in their ownership of the stock. Company insiders own 6.44% of the company's stock.

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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