Insider Buying: Exchange Income Co. (EIF) Director Acquires 3,300 Shares of Stock
Exchange Income Co. (TSE:EIF) Director Gary Buckley purchased 3,300 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was acquired at an average cost of C$29.96 per share, with a total value of C$98,868.00.
Gary Buckley also recently made the following trade(s):
- On Tuesday, August 15th, Gary Buckley purchased 3,000 shares of Exchange Income stock. The stock was acquired at an average cost of C$29.60 per share, with a total value of C$88,800.00.
Exchange Income Co. (TSE:EIF) traded up 0.47% during mid-day trading on Wednesday, reaching $29.78. 76,994 shares of the company were exchanged. The company has a 50 day moving average of $30.23 and a 200-day moving average of $35.04. The company has a market capitalization of $920.53 million and a price-to-earnings ratio of 13.88. Exchange Income Co. has a 1-year low of $25.80 and a 1-year high of $45.28.
The business also recently declared a monthly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st were paid a $0.175 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 7.05%. This is an increase from Exchange Income’s previous monthly dividend of $0.16. The ex-dividend date of this dividend was Thursday, July 27th.
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A number of research analysts recently commented on EIF shares. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Exchange Income in a report on Tuesday, May 2nd. Canaccord Genuity reduced their price objective on shares of Exchange Income from C$49.00 to C$44.00 and set a “buy” rating on the stock in a research report on Thursday, May 11th. TD Securities raised shares of Exchange Income from a “hold” rating to a “buy” rating and increased their price objective for the stock from C$44.00 to C$45.00 in a research report on Thursday, May 11th. Scotiabank reduced their price objective on shares of Exchange Income from C$44.00 to C$43.00 and set an “outperform” rating on the stock in a research report on Thursday, May 11th. Finally, CIBC reduced their price objective on shares of Exchange Income from C$39.00 to C$35.00 and set a “neutral” rating on the stock in a research report on Friday, July 21st. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Exchange Income has an average rating of “Buy” and an average target price of C$43.56.
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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