Exchange Income (TSE:EIF) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

Exchange Income Co. (TSE:EIF) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$115.02 and traded as high as C$123.34. Exchange Income shares last traded at C$121.64, with a volume of 103,959 shares.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. TD raised their price target on shares of Exchange Income from C$142.00 to C$151.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Royal Bank Of Canada upped their price objective on 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. National Bank Financial increased their target price on Exchange Income from C$144.00 to C$145.00 and gave the company an “outperform” rating in a research note on Thursday, August 13th. Scotiabank lifted their target price on Exchange Income from C$140.00 to C$150.00 and gave the stock a “sector outperform” rating in a report on Thursday, August 13th. Finally, Desjardins boosted their price target on Exchange Income from C$135.00 to C$145.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the company. According to data from MarketBeat.com, Exchange Income has an average rating of “Buy” and a consensus target price of C$145.92.

Exchange Income Stock Performance

The business’s fifty day moving average price is C$128.95 and its 200-day moving average price is C$115.02. The company has a debt-to-equity ratio of 141.68, a quick ratio of 1.12 and a current ratio of 1.63. The stock has a market cap of C$6.85 billion, a PE ratio of 32.96, a P/E/G ratio of 1.42 and a beta of 1.03.

Exchange Income (TSE:EIF) 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 net margin of 5.53% and a return on equity of 11.69%. As a group, equities research analysts forecast that Exchange Income Co. will post 3.9962963 EPS for the current fiscal year.

Insider Buying and Selling

In other Exchange Income news, Director Duncan Draper Jessiman sold 1,000 shares of the business’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of C$130.64, for a total transaction of C$130,640.00. Following the completion of the sale, the director directly owned 5,080 shares in the company, valued at approximately C$663,651.20. The trade was a 16.45% decrease in their position. Also, Director Donald Streuber sold 5,000 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of C$130.44, for a total transaction of C$652,200.00. Following the sale, the director owned 279,299 shares of the company’s stock, valued at approximately C$36,431,761.56. This represents a 1.76% decrease in their ownership of the stock. 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.