FY2017 Earnings Forecast for Exchange Income Co. (TSE:EIF) Issued By Cormark

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.

COPYRIGHT VIOLATION WARNING: “FY2017 Earnings Forecast for Exchange Income Co. (TSE:EIF) Issued By Cormark” was reported by The Lincolnian Online and is the property of of The Lincolnian Online. If you are accessing this article on another publication, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The legal version of this article can be viewed at https://www.thelincolnianonline.com/2017/12/07/fy2017-eps-estimates-for-exchange-income-co-eif-increased-by-analyst-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.

Get a free copy of the Zacks research report on Exchange Income (EIF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

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.

Leave a Reply