Exchange Income Co. (TSE:EIF) had its price objective decreased by equities researchers at TD Securities from C$45.00 to C$42.00 in a research note issued on Monday, July 24th. The firm presently has a “buy” rating on the stock. TD Securities’ price objective would indicate a potential upside of 40.94% from the stock’s previous close.
EIF has been the subject of a number of other reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a C$38.00 target price on shares of Exchange Income in a research note on Friday, July 7th. Scotiabank reduced their target price on shares of Exchange Income from C$43.00 to C$42.00 and set an “outperform” rating for the company in a research note on Friday, July 21st. CIBC reduced 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 note on Friday, July 21st. Finally, Canaccord Genuity reduced their price objective on shares of Exchange Income from C$44.00 to C$42.00 and set a “buy” rating for the company in a research note on Friday, July 21st. Two investment 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’s stock. The company presently has an average rating of “Buy” and a consensus target price of C$43.56.
Shares of Exchange Income (EIF) opened at 29.80 on Monday. The company’s 50-day moving average price is $30.66 and its 200-day moving average price is $35.84. Exchange Income has a 52-week low of $25.80 and a 52-week high of $45.28. The firm has a market cap of $921.15 million and a PE ratio of 13.89.
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In other news, Director Edward Warkentin acquired 1,375 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The shares were acquired at an average cost of C$35.45 per share, with a total value of C$48,743.75. Also, Director Brad Bennett acquired 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The stock was purchased at an average cost of C$26.00 per share, for a total transaction of C$91,000.00. Insiders have bought 45,703 shares of company stock worth $1,356,974 over the last ninety days.
Exchange Income Company Profile
Exchange Income Corporation engages in aerospace and aviation services and equipment, and manufacturing businesses worldwide. It operates through two segments, Aerospace & Aviation, and Manufacturing. The Aerospace & Aviation segment scheduled airline and charter services, and emergency medical services to communities located in Manitoba, Ontario, and Nunavut; and scheduled airline and charter service in Newfoundland and Labrador, Quebec, New Brunswick, and Nova Scotia.
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