Exchange Income (TSE:EIF) Director Michael Pyle Buys 1,000 Shares

Key Points

• Director Michael Pyle purchased 1,000 Exchange Income shares at an average price of C$116.93, investing C$116,930 and increasing his direct holdings by 5.17% to 20,337 shares.
• Exchange Income shares rose 1.7% to C$118.36 during mid-day trading. The company reported quarterly EPS of C$1.13 and revenue of C$952.16 million.
• Analysts remain positive, with the stock carrying a consensus “Buy” rating and an average price target of C$145.92; several firms recently raised their targets to C$150–C$151.

Exchange Income Co. (TSE:EIF - Get Free Report) Director Michael Pyle purchased 1,000 shares of the company's stock in a transaction that occurred on Thursday, September 3rd. The shares were bought at an average cost of C$116.93 per share, with a total value of C$116,930.00. Following the transaction, the director directly owned 20,337 shares of the company's stock, valued at C$2,378,005.41. The trade was a 5.17% increase in their position.

Exchange Income Trading Up 1.7%

Shares of EIF traded up C$1.96 during mid-day trading on Thursday, reaching C$118.36. The company had a trading volume of 50,677 shares, compared to its average volume of 170,559. Exchange Income Co. has a fifty-two week low of C$69.67 and a fifty-two week high of C$136.75. The firm has a fifty day simple moving average of C$128.11 and a 200-day simple moving average of C$115.55. The stock has a market cap of C$6.67 billion, a price-to-earnings ratio of 32.08, a price-to-earnings-growth ratio of 1.42 and a beta of 1.03. The company has a current ratio of 1.63, a quick ratio of 1.12 and a debt-to-equity ratio of 141.68.

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

Wall Street Analyst Weigh In

EIF has been the topic of a number of research reports. Canaccord Genuity Group raised their price objective on Exchange Income from C$129.00 to C$150.00 and gave the stock a "buy" rating in a report on Thursday, August 13th. TD increased their target price on shares of Exchange Income from C$142.00 to C$151.00 and gave the stock a "buy" rating in a research report on Thursday, August 13th. Paradigm Capital raised their price target on shares of Exchange Income from C$120.00 to C$122.00 and gave the company a "buy" rating in a report on Wednesday, May 13th. Raymond James Financial lifted their price target on shares of Exchange Income from C$142.00 to C$150.00 and gave the company a "strong-buy" rating in a research report on Thursday, August 13th. Finally, Canadian Imperial Bank of Commerce increased their price objective on shares of Exchange Income from C$141.00 to C$151.00 in a research report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating and twelve have given a Buy rating to the company's stock. According to MarketBeat, Exchange Income currently has an average rating of "Buy" and a consensus target price 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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