Exchange Income Co. (EIF) Receives Consensus Rating of “Buy” from Analysts
Shares of Exchange Income Co. (TSE:EIF) have been given an average recommendation of “Buy” by the nine brokerages that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$43.56.
Several research analysts have weighed in on EIF shares. TD Securities raised shares of Exchange Income from a “hold” rating to a “buy” rating and increased their price target for the company from C$44.00 to C$45.00 in a report on Thursday, May 11th. CIBC lowered their price target on shares of Exchange Income from C$39.00 to C$35.00 and set a “neutral” rating on the stock in a report on Friday, July 21st. Royal Bank Of Canada lowered their price target on shares of Exchange Income from C$42.00 to C$38.00 and set a “sector perform” rating on the stock in a report on Thursday, May 11th. Canaccord Genuity lowered their price target on shares of Exchange Income from C$49.00 to C$44.00 and set a “buy” rating on the stock in a report on Thursday, May 11th. Finally, Scotiabank lowered their price target on shares of Exchange Income from C$44.00 to C$43.00 and set an “outperform” rating on the stock in a report on Thursday, May 11th.
Shares of Exchange Income (TSE:EIF) traded up 0.30% during trading on Friday, reaching $29.87. The company had a trading volume of 48,761 shares. The firm has a 50 day moving average price of $29.96 and a 200 day moving average price of $34.89. Exchange Income has a 12 month low of $25.80 and a 12 month high of $45.28. The company has a market cap of $923.31 million and a price-to-earnings ratio of 13.92.
The firm also recently announced a monthly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st were issued a dividend of $0.175 per share. The ex-dividend date was Thursday, July 27th. This is a boost from Exchange Income’s previous monthly dividend of $0.16. This represents a $2.10 annualized dividend and a dividend yield of 7.03%.
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In other Exchange Income news, Director Brad Bennett bought 3,500 shares of the stock in a transaction dated Wednesday, July 26th. The shares were bought at an average cost of C$26.00 per share, with a total value of C$91,000.00. Also, insider Adam Terwin bought 4,000 shares of the stock in a transaction dated Tuesday, May 23rd. The shares were acquired at an average cost of C$34.40 per share, for a total transaction of C$137,600.00. Insiders have bought 66,628 shares of company stock worth $1,950,128 over the last ninety days.
About Exchange Income
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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