Exchange Income (TSE:EIF) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Exchange Income Co. (TSE:EIF)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$102.25 and traded as high as C$132.71. Exchange Income shares last traded at C$131.14, with a volume of 141,043 shares.

Analyst Ratings Changes

EIF has been the subject of a number of analyst reports. TD Securities lifted their price objective on Exchange Income from C$102.00 to C$125.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Canadian Imperial Bank of Commerce raised their target price on Exchange Income from C$123.00 to C$141.00 and gave the stock an “outperformer” rating in a report on Wednesday, June 10th. Canaccord Genuity Group raised their target price on Exchange Income from C$116.00 to C$129.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Desjardins boosted their target price on Exchange Income from C$116.00 to C$120.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Finally, BMO Capital Markets raised Exchange Income from a “market perform” rating to an “outperform” rating and upped their price target for the company from C$111.00 to C$120.00 in a research note on Wednesday, May 13th. Fourteen equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Exchange Income has a consensus rating of “Buy” and a consensus target price of C$125.75.

Exchange Income Trading Up 0.4%

The company’s fifty day simple moving average is C$114.22 and its two-hundred day simple moving average is C$102.25. The company has a market capitalization of C$7.39 billion, a price-to-earnings ratio of 37.79, a price-to-earnings-growth ratio of 1.42 and a beta of 1.01. The company has a quick ratio of 1.12, a current ratio of 1.64 and a debt-to-equity ratio of 141.03.

Exchange Income (TSE:EIF) last announced its quarterly earnings results on Monday, May 11th. The company reported C$0.61 earnings per share (EPS) for the quarter. Exchange Income had a net margin of 5.41% and a return on equity of 11.35%. The company had revenue of C$866.58 million during the quarter. Research analysts forecast that Exchange Income Co. will post 3.9962963 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Exchange Income news, Director Duncan Draper Jessiman sold 3,000 shares of Exchange Income stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of C$101.80, for a total transaction of C$305,400.00. Following the transaction, the director directly owned 6,080 shares in the company, valued at approximately C$618,944. The trade was a 33.04% decrease in their ownership of the stock. Corporate insiders own 6.44% of the company’s stock.

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.