Exchange Income Co. (TSE:EIF) – Equities researchers at Cormark upped their FY2017 earnings per share (EPS) estimates for shares of Exchange Income in a research report issued to clients and investors on Wednesday. Cormark analyst D. Tyerman now forecasts that the company will post earnings of $2.30 per share for the year, up from their previous forecast of $2.28. Cormark also issued estimates for Exchange Income’s Q1 2018 earnings at $0.35 EPS, Q2 2018 earnings at $0.88 EPS, Q3 2018 earnings at $0.93 EPS and FY2018 earnings at $2.85 EPS.

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Other equities analysts have also issued research reports about the company. Canaccord Genuity increased their target price on Exchange Income from C$42.00 to C$42.50 in a research note on Friday. Laurentian Bank of Canada cut their target price on Exchange Income from C$48.00 to C$47.00 in a research note on Monday, November 13th. Laurentian cut their target price on Exchange Income from C$48.00 to C$47.00 in a research note on Monday, November 13th. TD Securities increased their target price on Exchange Income from C$42.00 to C$43.00 and gave the company a “buy” rating in a research note on Friday, October 6th. Finally, Scotiabank raised their price target on Exchange Income from C$42.00 to C$43.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 15th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of C$43.83.

Exchange Income (TSE EIF) opened at C$35.64 on Monday. Exchange Income has a one year low of C$25.80 and a one year high of C$45.28.

In related news, Director Gary Buckley purchased 3,000 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was purchased at an average cost of C$30.04 per share, for a total transaction of C$90,120.00. Also, Director Michael Pyle bought 2,000 shares of Exchange Income stock in a transaction dated Tuesday, September 12th. The shares were acquired at an average price of C$33.64 per share, with a total value of C$67,280.00. Over the last 90 days, insiders acquired 9,600 shares of company stock valued at $296,454.

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.

Earnings History and Estimates for Exchange Income (TSE:EIF)

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