Duncan Draper Jessiman Sells 3,000 Shares of Exchange Income (TSE:EIF) Stock

Exchange Income Co. (TSE:EIF) Director Duncan Draper Jessiman sold 3,000 shares of the company’s stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of C$101.80, for a total value of C$305,400.00. Following the completion of the sale, the director owned 6,080 shares in the company, valued at C$618,944. This trade represents a 33.04% decrease in their position.

Exchange Income Trading Up 2.5%

Shares of EIF stock traded up C$2.52 on Tuesday, hitting C$104.25. The company had a trading volume of 101,212 shares, compared to its average volume of 193,033. Exchange Income Co. has a twelve month low of C$45.00 and a twelve month high of C$111.00. The company has a debt-to-equity ratio of 149.91, a quick ratio of 1.13 and a current ratio of 1.71. The firm has a market cap of C$5.85 billion, a P/E ratio of 33.41, a P/E/G ratio of 1.42 and a beta of 0.93. The stock’s 50-day moving average is C$100.43 and its two-hundred day moving average is C$86.55.

Exchange Income (TSE:EIF) last announced its earnings results on Tuesday, February 24th. The company reported C$1.06 EPS for the quarter. The business had revenue of C$929.55 million for the quarter. Exchange Income had a return on equity of 10.61% and a net margin of 5.11%. On average, equities research analysts anticipate that Exchange Income Co. will post 3.9962963 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on EIF shares. Scotiabank increased their price objective on shares of Exchange Income from C$121.00 to C$129.00 and gave the stock an “outperform” rating in a research report on Monday, March 9th. Raymond James Financial upped their price target on shares of Exchange Income from C$110.00 to C$125.00 and gave the company a “strong-buy” rating in a research report on Thursday, February 26th. ATB Cormark Capital Markets increased their price target on Exchange Income from C$120.00 to C$125.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. BMO Capital Markets lifted their price objective on Exchange Income from C$80.00 to C$100.00 and gave the stock a “market perform” rating in a research report on Thursday, February 26th. Finally, Royal Bank Of Canada boosted their price objective on Exchange Income from C$103.00 to C$133.00 and gave the company an “outperform” rating in a research note on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$115.04.

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.