Insider Selling: Exchange Income (TSE:EIF) Director Sells C$130,640.00 in Stock

Exchange Income Co. (TSE:EIF) Director Duncan Draper Jessiman sold 1,000 shares of Exchange Income stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of C$130.64, for a total value of C$130,640.00. Following the transaction, the director owned 5,080 shares in the company, valued at approximately C$663,651.20. The trade was a 16.45% decrease in their position.

Exchange Income Stock Performance

TSE EIF opened at C$132.94 on Friday. The company has a debt-to-equity ratio of 141.03, a quick ratio of 1.12 and a current ratio of 1.64. The stock’s fifty day moving average is C$117.55 and its two-hundred day moving average is C$104.19. The firm has a market capitalization of C$7.49 billion, a P/E ratio of 38.31, a price-to-earnings-growth ratio of 1.42 and a beta of 1.01. Exchange Income Co. has a fifty-two week low of C$64.56 and a fifty-two week high of C$135.00.

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

Analysts Set New Price Targets

EIF has been the topic of a number of analyst reports. Scotiabank lifted their target price on shares of Exchange Income from C$121.00 to C$129.00 and gave the stock an “outperform” rating in a research note on Monday, March 9th. Canadian Imperial Bank of Commerce increased their price target on shares of Exchange Income from C$123.00 to C$141.00 and gave the company an “outperformer” rating in a research note on Wednesday, June 10th. BMO Capital Markets upgraded shares of Exchange Income from a “market perform” rating to an “outperform” rating and raised their price target for the stock from C$111.00 to C$120.00 in a report on Wednesday, May 13th. Paradigm Capital lifted 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 research report on Wednesday, May 13th. Finally, Royal Bank Of Canada upped their price objective on Exchange Income from C$127.00 to C$150.00 and gave the company an “outperform” rating in a report on Monday, June 29th. Fourteen research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$127.39.

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.