Exchange Income Co. (TSE:EIF) has earned an average rating of “Buy” from the nine analysts that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$43.56.
A number of analysts have recently weighed in on EIF shares. TD Securities reduced their price target on shares of Exchange Income from C$45.00 to C$42.00 and set a “buy” rating for the company in a research note on Monday, July 24th. Canaccord Genuity reduced their price target 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. Scotiabank reduced their price target 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. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Exchange Income in a research note on Tuesday, May 2nd. Finally, CIBC reduced their price target 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.
Shares of Exchange Income (TSE:EIF) traded down 0.03% during mid-day trading on Tuesday, reaching $29.65. The company’s stock had a trading volume of 67,030 shares. The stock has a 50 day moving average of $30.38 and a 200-day moving average of $35.28. The stock has a market cap of $916.51 million and a P/E ratio of 13.82. Exchange Income has a one year low of $25.80 and a one year high of $45.28.
The firm also recently announced a monthly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 31st will be paid a dividend of $0.175 per share. The ex-dividend date is Thursday, July 27th. This is a positive change from Exchange Income’s previous monthly dividend of $0.16. This represents a $2.10 annualized dividend and a yield of 7.08%.
In other Exchange Income news, Director Brad Bennett bought 2,000 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The stock was acquired at an average cost of C$29.46 per share, with a total value of C$58,920.00. Also, Director Gary Filmon bought 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 25th. The shares were acquired at an average cost of C$26.88 per share, with a total value of C$26,880.00. Over the last three months, insiders have purchased 63,328 shares of company stock valued at $1,865,360.
COPYRIGHT VIOLATION NOTICE: “Exchange Income Co. (TSE:EIF) Receives C$43.56 Average Price Target from Analysts” was originally posted by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark and copyright law. The legal version of this piece of content can be accessed at https://stocknewstimes.com/2017/08/12/exchange-income-co-tseeif-receives-consensus-recommendation-of-buy-from-brokerages-updated-updated.html.
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.
Receive News & Ratings for Exchange Income Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exchange Income Co. and related companies with MarketBeat.com's FREE daily email newsletter.