Exchange Income Co. (TSE:EIF) – Stock analysts at Cormark lifted their FY2017 earnings estimates for Exchange Income in a research report issued on Wednesday, Zacks Investment Research reports. Cormark analyst D. Tyerman now forecasts that the company will post earnings of $2.30 per share for the year, up from their prior estimate 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.
A number of other research firms also recently issued reports on EIF. National Bank Financial upped their target price on shares of Exchange Income from C$43.00 to C$44.00 and gave the company an “outperform” rating in a research report on Monday, November 27th. TD Securities raised their target price on shares of Exchange Income from C$42.00 to C$43.00 and gave the stock a “buy” rating in a report on Friday, October 6th. Canaccord Genuity raised their target price on shares of Exchange Income from C$42.00 to C$42.50 in a report on Friday, November 17th. Laurentian decreased their price target on shares of Exchange Income from C$48.00 to C$47.00 in a research note on Monday, November 13th. Finally, Laurentian Bank of Canada decreased their target price on shares of Exchange Income from C$48.00 to C$47.00 in a research note on Monday, November 13th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of C$43.50.
Exchange Income (TSE EIF) traded down C$0.02 on Monday, hitting C$36.50. 81,886 shares of the stock traded hands, compared to its average volume of 161,338. Exchange Income has a fifty-two week low of C$25.80 and a fifty-two week high of C$45.28.
In other news, Director Michael Pyle purchased 2,000 shares of Exchange Income stock in a transaction dated Tuesday, September 12th. The shares were bought at an average cost of C$33.64 per share, for a total transaction of C$67,280.00.
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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.
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