Exchange Income Co. (TSE:EIF) Receives C$43.56 Average Price Target from Analysts

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.

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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.

Analyst Recommendations for Exchange Income (TSE:EIF)

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