Exchange Income (TSE:EIF) Shares Cross Above 200-Day Moving Average - Here's What Happened

Key Points

• Exchange Income shares crossed above their 200-day moving average, reaching C$114.55 and closing at C$114.01, compared with the C$113.25 average.
• Analysts remain broadly bullish: the stock has a consensus “Buy” rating and an average price target of C$145.92, with several firms recently raising targets to C$150–C$151.
• The company reported quarterly EPS of C$1.13 on C$952.16 million in revenue. Insider activity was mixed, with one director buying shares and another selling; corporate insiders own 6.44% of the stock.

Exchange Income Co. (TSE:EIF - Get Free Report) crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of C$113.25 and traded as high as C$114.55. Exchange Income shares last traded at C$114.01, with a volume of 131,870 shares trading hands.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Scotiabank boosted their price target on Exchange Income from C$140.00 to C$150.00 and gave the stock a "sector outperform" rating in a research report on Thursday, August 13th. National Bank Financial set a C$145.00 price objective on shares of Exchange Income and gave the company an "outperform" rating in a report on Thursday, October 8th. Canadian Imperial Bank of Commerce increased their target price on Exchange Income from C$141.00 to C$151.00 in a report 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. Finally, Desjardins boosted their price objective on Exchange Income from C$135.00 to C$145.00 and gave the company a "buy" rating in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the stock. According to MarketBeat, Exchange Income has a consensus rating of "Buy" and an average price target of C$145.92.

Exchange Income Stock 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 business has a 50-day simple moving average of C$119.68 and a 200-day simple moving average of C$113.25. The firm has a market capitalization of C$6.42 billion, a PE ratio of 30.90, a P/E/G ratio of 1.42 and a beta of 0.83.

Exchange Income (TSE:EIF - Get Free Report) last posted its quarterly earnings data on Tuesday, August 11th. The company reported C$1.13 earnings per share (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%. Equities research analysts expect that Exchange Income Co. will post 4.00 earnings per share for the current fiscal year.

Insider Transactions at Exchange Income

In other Exchange Income news, Director Michael Pyle bought 1,000 shares of the business's stock in a transaction dated Thursday, September 3rd. The shares were purchased at an average price of C$116.93 per share, with a total value of C$116,930.00. Following the completion of the purchase, the director owned 20,337 shares in the company, valued at C$2,378,005.41. This represents a 5.17% increase in their position. Also, Director Donald Streuber sold 3,500 shares of the company's stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of C$120.47, for a total value of C$421,645.00. Following the transaction, the director directly owned 27,368 shares in the company, valued at approximately C$3,297,022.96. This represents a 11.34% decrease in their position. Insiders purchased a total of 1,534 shares of company stock worth $181,356 over the last three months. 6.44% of the stock is currently owned by corporate insiders.

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.

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.