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

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

Exchange Income Stock Performance

EIF opened at C$104.39 on Wednesday. The firm has a market capitalization of C$5.86 billion, a PE ratio of 33.46, a PEG ratio of 1.42 and a beta of 0.93. Exchange Income Co. has a twelve month low of C$45.00 and a twelve month high of C$111.00. The firm’s 50-day moving average price is C$100.65 and its 200 day moving average price is C$86.79. The company has a current ratio of 1.71, a quick ratio of 1.13 and a debt-to-equity ratio of 149.91.

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

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Desjardins increased their price target on Exchange Income from C$87.00 to C$102.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Canaccord Genuity Group upped their target price on Exchange Income from C$109.00 to C$116.00 and gave the company a “buy” rating in a report on Thursday, February 26th. National Bank Financial raised their target price on Exchange Income from C$110.00 to C$125.00 and gave the stock an “outperform” rating in a research note on Thursday, February 26th. Ventum Financial lifted their price target on Exchange Income from C$110.00 to C$135.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Finally, Scotiabank boosted their price target on shares of Exchange Income from C$121.00 to C$129.00 and gave the company an “outperform” rating in a research report on Monday, March 9th. One 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$115.04.

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.