Exchange Income (TSE:EIF) Stock Passes Above 200-Day Moving Average – Time to Sell?

Exchange Income Co. (TSE:EIF)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$52.78 and traded as high as C$56.78. Exchange Income shares last traded at C$56.44, with a volume of 83,788 shares changing hands.

Analyst Upgrades and Downgrades

EIF has been the subject of a number of recent analyst reports. TD Securities decreased their target price on Exchange Income from C$69.00 to C$67.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Canaccord Genuity Group boosted their price objective on shares of Exchange Income from C$70.00 to C$72.00 in a report on Tuesday, November 12th. National Bankshares raised their target price on shares of Exchange Income from C$61.00 to C$68.00 in a report on Monday, November 11th. Royal Bank of Canada boosted their target price on shares of Exchange Income from C$65.00 to C$71.00 in a research note on Thursday, November 14th. Finally, CIBC raised their price target on Exchange Income from C$66.00 to C$69.00 in a research note on Wednesday, December 4th. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Exchange Income presently has a consensus rating of “Buy” and an average price target of C$70.13.

Exchange Income Price Performance

The firm has a 50 day moving average price of C$56.44 and a 200 day moving average price of C$52.78. The stock has a market cap of C$2.68 billion, a P/E ratio of 23.32, a P/E/G ratio of 1.42 and a beta of 2.04. The company has a quick ratio of 1.13, a current ratio of 1.77 and a debt-to-equity ratio of 171.03.

Exchange Income (TSE:EIF) last released its earnings results on Thursday, November 7th. The company reported C$1.29 EPS for the quarter, topping analysts’ consensus estimates of C$1.19 by C$0.10. Exchange Income had a net margin of 4.44% and a return on equity of 9.38%. During the same quarter in the previous year, the business posted $1.19 EPS. On average, analysts forecast that Exchange Income Co. will post 3.9962963 EPS for the current fiscal year.

About Exchange Income

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.