Shares of Exchange Income Co. (TSE:EIF) have earned a consensus rating of “Buy” from the nine brokerages that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$44.13.
Several brokerages have recently issued reports on EIF. National Bank Financial reiterated an “outperform market weight” rating on shares of Exchange Income in a report on Thursday, February 22nd. Canaccord Genuity upped their price target on shares of Exchange Income from C$42.00 to C$42.50 in a report on Friday, November 17th. TD Securities upped their price target on shares of Exchange Income from C$45.00 to C$46.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Royal Bank of Canada upped their price target on shares of Exchange Income from C$38.00 to C$39.00 and gave the stock a “sector perform” rating in a report on Wednesday, November 15th. Finally, CIBC upped their price target on shares of Exchange Income from C$35.00 to C$37.50 and gave the stock a “neutral” rating in a report on Friday, January 19th.
Shares of Exchange Income (TSE:EIF) traded down C$0.22 during trading hours on Wednesday, hitting C$34.33. 41,154 shares of the stock traded hands, compared to its average volume of 77,878. The firm has a market capitalization of $1,080.00, a P/E ratio of 15.64 and a beta of 0.55. Exchange Income has a 52 week low of C$25.80 and a 52 week high of C$40.10.
The business also recently disclosed a monthly dividend, which was paid on Thursday, February 15th. Investors of record on Wednesday, January 31st were issued a $0.175 dividend. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $2.10 dividend on an annualized basis and a yield of 6.12%. Exchange Income’s payout ratio is 95.45%.
In related news, Director Edward Warkentin acquired 2,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was acquired at an average cost of C$35.36 per share, for a total transaction of C$70,720.00.
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Exchange Income Company Profile
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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