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

Exchange Income Co. (TSE:EIF) Director Brad Bennett purchased 25,000 shares of the firm’s stock in a transaction dated Thursday, March 13th. The stock was acquired at an average cost of C$49.77 per share, for a total transaction of C$1,244,182.50.

Exchange Income Stock Up 1.1 %

Shares of Exchange Income stock traded up C$0.54 on Monday, reaching C$51.30. 101,105 shares of the company were exchanged, compared to its average volume of 113,369. The stock’s 50 day moving average price is C$52.55 and its 200-day moving average price is C$53.88. The company has a market cap of C$2.56 billion, a P/E 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. The company has a debt-to-equity ratio of 173.72, a current ratio of 1.76 and a quick ratio of 1.13.

Wall Street Analyst Weigh In

EIF has been the subject of several research reports. CIBC lifted their target price on shares of Exchange Income from C$66.00 to C$69.00 in a report on Wednesday, December 4th. Paradigm Capital set a C$69.00 price objective on Exchange Income and gave the company a “buy” rating in a report on Thursday, January 30th. Finally, Scotiabank dropped their target price on Exchange Income from C$65.00 to C$64.00 in a research report on Friday, February 28th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price 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.