Insider Buying: Exchange Income Co. (EIF) Director Purchases 1,000 Shares of Stock
Exchange Income Co. (TSE:EIF) Director Serena Kraayeveld purchased 1,000 shares of the firm’s stock in a transaction on Friday, July 21st. The stock was acquired at an average cost of C$29.48 per share, with a total value of C$29,480.00.
Shares of Exchange Income Co. (EIF) traded down 3.13% during midday trading on Friday, reaching $29.38. 595,921 shares of the company were exchanged. Exchange Income Co. has a 52-week low of $28.63 and a 52-week high of $45.28. The company has a market capitalization of $914.98 million and a PE ratio of 15.12. The stock’s 50-day moving average price is $31.89 and its 200-day moving average price is $36.66.
The company also recently declared a monthly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 31st will be issued a dividend of $0.175 per share. This represents a $2.10 dividend on an annualized basis and a yield of 7.15%. This is a positive change from Exchange Income’s previous monthly dividend of $0.16. The ex-dividend date of this dividend is Thursday, July 27th.
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Several equities research analysts have recently issued reports on the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a C$38.00 price objective on shares of Exchange Income in a research report on Friday, July 7th. TD Securities raised shares of Exchange Income from a “hold” rating to a “buy” rating and lifted their price objective for the stock from C$44.00 to C$45.00 in a research report on Thursday, May 11th. Scotiabank decreased their price objective on shares of Exchange Income from C$44.00 to C$43.00 and set an “outperform” rating for the company in a research report on Thursday, May 11th. Canaccord Genuity decreased their price objective on shares of Exchange Income from C$49.00 to C$44.00 and set a “buy” rating for the company in a research report on Thursday, May 11th. Finally, CIBC decreased their price objective on shares of Exchange Income from C$39.00 to C$35.00 and set a “neutral” rating for the company in a research report on Friday. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of C$43.89.
Exchange Income Company Profile
Exchange Income Corporation is focused on opportunities in aerospace and aviation services and equipment, and manufacturing. The Company operates through two segments: Aviation and Manufacturing. The Aviation segment provides scheduled airline and charter service, and emergency medical services to communities located in Manitoba, Ontario and Nunavut.
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