Exchange Income Downgraded by Cormark to “Market Perform” (EIF)
Exchange Income (TSE:EIF) was downgraded by analysts at Cormark from a “buy” rating to a “market perform” rating in a research report issued to clients and investors on Monday, American Banking News.com reports.
A number of other analysts have also recently weighed in on EIF. Analysts at Canaccord Genuity upgraded shares of Exchange Income from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, August 28th. They now have a C$28.75 price target on the stock, down previously from C$29.25. Separately, analysts at LB Securities cut their price target on shares of Exchange Income from C$35.00 to C$33.00 in a research note to investors on Thursday, August 15th. They now have a “buy” rating on the stock. Finally, analysts at CIBC cut their price target on shares of Exchange Income from C$29.50 to C$25.25 in a research note to investors on Thursday, August 15th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of C$29.83.
Exchange Income (TSE:EIF) traded down 17.48% on Monday, hitting $17.99. The stock had a trading volume of 514,280 shares. Exchange Income has a one year low of $21.28 and a one year high of $29.25. The stock has a 50-day moving average of $24.38 and a 200-day moving average of $26.36. The company has a market cap of $387.1 million and a P/E ratio of 18.63.
The company also recently announced a sep 13 dividend, which is scheduled for Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.14 per share.
Exchange Income Corporation (TSE:EIF) is a diversified, acquisition-oriented company focused on opportunities in the manufacturing and aviation segments.
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