Richard Wowryk Acquires 205 Shares of Exchange Income (TSE:EIF) Stock

Key Points

• Insider buying: Richard Wowryk purchased 205 Exchange Income shares at an average C$119.60, spending C$24,518 and increasing his direct ownership by 8.07% to 2,745 shares. He also acquired an additional 45 shares in a separate transaction the same day.
• Stock performance: Exchange Income shares rose 1.5% to C$119.47, with the company valued at approximately C$6.74 billion. The stock has traded between C$70.90 and C$136.75 over the past 52 weeks.
• Analyst outlook: Analysts maintain a consensus “Buy” rating, with a C$145.92 average price target. Recent target increases ranged from C$145 to C$165, supported by quarterly revenue of C$952.16 million and earnings of C$1.13 per share.

Exchange Income Co. (TSE:EIF - Get Free Report) insider Richard Wowryk bought 205 shares of the company's stock in a transaction that occurred on Tuesday, September 22nd. The stock was purchased at an average price of C$119.60 per share, with a total value of C$24,518.00. Following the transaction, the insider directly owned 2,745 shares in the company, valued at C$328,302. The trade was a 8.07% increase in their ownership of the stock.

Richard Wowryk also recently made the following trade(s):

• On Tuesday, September 22nd, Richard Wowryk acquired 45 shares of Exchange Income stock. The stock was acquired at an average cost of C$119.58 per share, with a total value of C$5,381.10.

Exchange Income Trading Up 1.5%

Shares of TSE:EIF traded up C$1.71 on Tuesday, reaching C$119.47. 28,964 shares of the company traded hands, compared to its average volume of 165,996. The company has a current ratio of 1.63, a quick ratio of 1.12 and a debt-to-equity ratio of 141.68. The business's 50-day simple moving average is C$124.62 and its 200 day simple moving average is C$116.97. The stock has a market capitalization of C$6.74 billion, a P/E ratio of 32.38, a price-to-earnings-growth ratio of 1.42 and a beta of 0.94. Exchange Income Co. has a 52 week low of C$70.90 and a 52 week high of C$136.75.

Exchange Income (TSE:EIF - Get Free Report) last released its quarterly earnings data 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 return on equity of 11.69% and a net margin of 5.53%. As a group, equities analysts anticipate that Exchange Income Co. will post 3.9962963 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Royal Bank Of Canada boosted 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 report on Thursday, August 13th. Raymond James Financial increased their price objective 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. BMO Capital Markets boosted their price target on Exchange Income from C$140.00 to C$152.00 in a research note on Thursday, August 13th. Desjardins increased their price objective on shares of Exchange Income from C$135.00 to C$145.00 and gave the company a "buy" rating in a research report on Wednesday, August 12th. Finally, ATB Cormark Capital Markets raised their target price on shares of Exchange Income from C$146.00 to C$165.00 and gave the stock an "outperform" rating in a report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average 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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