Insider Selling: Exchange Income (TSE:EIF) Director Sells 3,500 Shares

Key Points

• Director Donald Streuber sold 3,500 Exchange Income shares at an average price of C$120.47, generating C$421,645 and reducing his holdings by 11.34% to 27,368 shares. He had also sold 5,000 shares in August.
• Exchange Income shares fell 1.7% to C$118.30, while the company reported quarterly earnings of C$1.13 per share and revenue of C$952.16 million.
• Analysts remain broadly positive, with the stock carrying a “Buy” consensus rating and an average price target of C$145.92, above its reported trading price.

Exchange Income Co. (TSE:EIF - Get Free Report) Director Donald Streuber sold 3,500 shares of the firm's stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of C$120.47, for a total value of C$421,645.00. Following the completion of the transaction, the director owned 27,368 shares in the company, valued at approximately C$3,297,022.96. This trade represents a 11.34% decrease in their ownership of the stock.

Donald Streuber also recently made the following trade(s):

• On Thursday, August 20th, Donald Streuber sold 5,000 shares of Exchange Income stock. The shares were sold at an average price of C$130.44, for a total transaction of C$652,200.00.

Exchange Income Trading Down 1.7%

EIF traded down C$2.04 during trading on Thursday, hitting C$118.30. 44,260 shares of the company's stock were exchanged, compared to its average volume of 168,593. Exchange Income Co. has a 1 year low of C$69.71 and a 1 year high of C$136.75. The stock has a 50 day moving average price of C$127.00 and a 200 day moving average price of C$116.28. The firm has a market cap of C$6.67 billion, a P/E ratio of 32.06, a price-to-earnings-growth ratio of 1.42 and a beta of 0.94. 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 announced its quarterly earnings results on Tuesday, August 11th. The company reported C$1.13 earnings per share for the quarter. Exchange Income had a net margin of 5.53% and a return on equity of 11.69%. The firm had revenue of C$952.16 million during the quarter. As a group, analysts expect that Exchange Income Co. will post 3.9962963 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on EIF shares. Scotiabank lifted their price objective on shares of Exchange Income from C$140.00 to C$150.00 and gave the company a "sector outperform" rating in a research note on Thursday, August 13th. Raymond James Financial lifted their price target on shares of Exchange Income from C$142.00 to C$150.00 and gave the stock a "strong-buy" rating in a research note on Thursday, August 13th. ATB Cormark Capital Markets raised their target price on Exchange Income from C$146.00 to C$165.00 and gave the company an "outperform" rating in a research note on Thursday, August 13th. Desjardins increased their price target on Exchange Income from C$135.00 to C$145.00 and gave the company a "buy" rating in a report on Wednesday, August 12th. Finally, Canaccord Genuity Group raised 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 report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating and twelve have issued a Buy rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and an average price target of C$145.92.

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.

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