Exchange Income (TSE:EIF) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Exchange Income Co. (TSE:EIF)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$85.62 and traded as high as C$103.28. Exchange Income shares last traded at C$102.65, with a volume of 125,255 shares.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on EIF. Canaccord Genuity Group raised their target price on shares of Exchange Income from C$109.00 to C$116.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Raymond James Financial boosted their price target on Exchange Income from C$110.00 to C$125.00 and gave the stock a “strong-buy” rating in a research report on Thursday, February 26th. ATB Cormark Capital Markets upped their price objective on Exchange Income from C$120.00 to C$125.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Royal Bank Of Canada raised their price objective on Exchange Income from C$103.00 to C$133.00 and gave the company an “outperform” rating in a research report on Thursday, February 26th. Finally, Scotiabank lifted their target price on 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. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Exchange Income has a consensus rating of “Buy” and an average target price of C$115.04.

Exchange Income Stock Performance

The stock has a market capitalization of C$5.76 billion, a P/E ratio of 32.90, a PEG ratio of 1.42 and a beta of 0.93. 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 company’s fifty day simple moving average is C$99.37 and its two-hundred day simple moving average is C$85.62.

Exchange Income (TSE:EIF) last issued its quarterly earnings data on Tuesday, February 24th. The company reported C$1.06 earnings per share (EPS) for the quarter. Exchange Income had a return on equity of 10.61% and a net margin of 5.11%.The company had revenue of C$929.55 million during the quarter. As a group, equities analysts forecast that Exchange Income Co. will post 3.9962963 EPS for the current year.

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.