Exchange Income (TSE:EIF) Shares Break Above Fifty Day Moving Average – Time to Sell?

Exchange Income Co. (TSE:EIF) shares crossed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of C$117.65 and traded as high as C$120.18. Exchange Income shares last traded at C$118.58, with a volume of 219,708 shares traded.

Wall Street Analyst Weigh In

EIF has been the subject of a number of research analyst reports. Royal Bank Of Canada boosted their price target on Exchange Income from C$150.00 to C$156.00 and gave the stock an “outperform” rating in a report on Thursday, August 13th. Raymond James Financial raised their price target on Exchange Income from C$142.00 to C$150.00 and gave the company a “strong-buy” rating in a research note on Thursday, August 13th. Scotiabank boosted 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. Ventum Capital set a C$150.00 price target on shares of Exchange Income and gave the stock a “buy” rating in a research note on Tuesday. Finally, Canadian Imperial Bank of Commerce boosted their price objective on Exchange Income from C$141.00 to C$151.00 in a research note on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the stock. Based on data from MarketBeat.com, Exchange Income currently has an average rating of “Buy” and an average target price of C$146.21.

Exchange Income Stock Up 2.6%

The stock has a 50 day simple moving average of C$117.65 and a 200 day simple moving average of C$114.49. The company has a quick ratio of 1.12, a current ratio of 1.63 and a debt-to-equity ratio of 141.68. The stock has a market cap of C$6.69 billion, a price-to-earnings ratio of 32.14, a PEG ratio of 1.42 and a beta of 0.70.

Exchange Income (TSE:EIF) last issued its quarterly earnings results on Tuesday, August 11th. The company reported C$1.13 earnings per share for the quarter. Exchange Income had a return on equity of 11.69% and a net margin of 5.53%. The company had revenue of C$952.16 million for the quarter. As a group, analysts expect that Exchange Income Co. will post 4.00 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Donald Streuber sold 3,500 shares of the stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of C$120.47, for a total transaction of C$421,645.00. Following the completion of the sale, the director owned 27,368 shares in the company, valued at C$3,297,022.96. This represents a 11.34% decrease in their position. Also, Director Michael Pyle bought 1,000 shares of the stock in a transaction dated Thursday, September 3rd. The shares were acquired at an average cost of C$116.93 per share, for a total transaction of C$116,930.00. Following the completion of the acquisition, the director directly owned 20,337 shares of the company’s stock, valued at approximately C$2,378,005.41. This trade represents a 5.17% increase in their position. Insiders have bought 1,534 shares of company stock valued at $181,356 in the last three months. Corporate 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.