Insider Buying: Exchange Income Co. (TSE:EIF) Director Purchases 25,000 Shares of Stock

Exchange Income Co. (TSE:EIF) Director Brad Bennett acquired 25,000 shares of the stock in a transaction dated Thursday, March 13th. The shares were bought at an average price of C$49.77 per share, with a total value of C$1,244,182.50.

Exchange Income Price Performance

Shares of EIF traded up C$0.54 during mid-day trading on Monday, hitting C$51.30. 101,105 shares of the company were exchanged, compared to its average volume of 113,369. The company has a debt-to-equity ratio of 173.72, a quick ratio of 1.13 and a current ratio of 1.76. The company has a 50 day moving average of C$52.55 and a 200-day moving average of C$53.88. The stock has a market cap of C$2.56 billion, a price-to-earnings ratio of 20.10, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04. Exchange Income Co. has a 1-year low of C$43.08 and a 1-year high of C$59.32.

Analysts Set New Price Targets

Several brokerages have commented on EIF. Scotiabank decreased their price objective on shares of Exchange Income from C$65.00 to C$64.00 in a research note on Friday, February 28th. Paradigm Capital set a C$69.00 price target on shares of Exchange Income and gave the company a “buy” rating in a report on Thursday, January 30th. Finally, CIBC lifted their price objective on Exchange Income from C$66.00 to C$69.00 in a research note on Wednesday, December 4th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Exchange Income presently has an average rating of “Buy” and an average price target of C$69.00.

Exchange Income Company Profile

Exchange Income Corporation, together with its subsidiaries, engages in aerospace and aviation services and equipment, and manufacturing businesses worldwide. The company Aerospace & Aviation, and Manufacturing segments. The Aerospace & Aviation segment offers fixed wing and rotary wing, medevac, passenger, charter, freight, and auxiliary services; and operates two flight schools and trains pilots.