Exchange Income (TSE:EIF) Stock Price Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• Exchange Income shares rose above their 200-day moving average, trading as high as C$131.38 and last changing hands at C$131.06, compared with a 200-day average of C$114.08.
• Analysts remain broadly positive: the stock carries an average “Buy” rating and a consensus price target of C$145.92, with recent targets ranging from C$145 to C$165.
• The company reported quarterly EPS of C$1.13 on revenue of C$952.16 million. However, a director recently sold 1,000 shares, while insiders collectively own 6.44% of the company.

Exchange Income Co. (TSE:EIF - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$114.08 and traded as high as C$131.38. Exchange Income shares last traded at C$131.06, with a volume of 153,512 shares traded.

Analyst Ratings Changes

A number of brokerages have recently commented on EIF. Canaccord Genuity Group lifted their price target on shares of Exchange Income from C$129.00 to C$150.00 and gave the stock a "buy" rating in a research note on Thursday, August 13th. Desjardins lifted their target price on Exchange Income from C$135.00 to C$145.00 and gave the stock a "buy" rating in a report on Wednesday, August 12th. Royal Bank Of Canada upped their price target on shares of Exchange Income from C$150.00 to C$156.00 and gave the company an "outperform" rating in a research note on Thursday, August 13th. ATB Cormark Capital Markets boosted their target price on Exchange Income from C$146.00 to C$165.00 and gave the company an "outperform" rating in a research report on Thursday, August 13th. Finally, TD boosted their target price on Exchange Income from C$142.00 to C$151.00 and gave the company a "buy" rating in a research report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of C$145.92.

Exchange Income Price Performance

The company has a debt-to-equity ratio of 141.68, a current ratio of 1.63 and a quick ratio of 1.12. The stock has a market capitalization of C$7.38 billion, a P/E ratio of 35.52, a P/E/G ratio of 1.42 and a beta of 1.03. The firm has a fifty day moving average of C$129.75 and a two-hundred day moving average of C$114.08.

Exchange Income (TSE:EIF - Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The company reported C$1.13 earnings per share 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%. On average, analysts predict 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 stock in a transaction dated 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 completion of the sale, the director directly owned 5,080 shares of the company's stock, valued at approximately C$663,651.20. This represents a 16.45% decrease in their ownership of the stock. Corporate 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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source