Exchange Income Co. (TSE:EIF) shares traded up 3.8% during trading on Monday . The stock traded as high as C$32.75 and last traded at C$32.74. 53,641 shares traded hands during trading, a decline of 79% from the average session volume of 249,616 shares. The stock had previously closed at C$31.53.

Several research analysts have recently commented on the company. Royal Bank Of Canada reiterated a “sector perform” rating and set a C$38.00 price target on shares of Exchange Income in a report on Friday, July 7th. Scotiabank cut their price objective on Exchange Income from C$43.00 to C$42.00 and set an “outperform” rating for the company in a research report on Friday, July 21st. CIBC cut their price objective on Exchange Income from C$39.00 to C$35.00 and set a “neutral” rating for the company in a research report on Friday, July 21st. Canaccord Genuity cut their price objective on Exchange Income from C$44.00 to C$42.00 and set a “buy” rating for the company in a research report on Friday, July 21st. Finally, TD Securities cut their price objective on Exchange Income from C$45.00 to C$42.00 and set a “buy” rating for the company in a research report on Monday, July 24th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$43.56.

The firm’s 50-day moving average is $29.95 and its 200-day moving average is $33.98. The stock has a market capitalization of $1.01 billion and a P/E ratio of 15.28.

The company also recently disclosed a monthly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st were issued a $0.175 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 6.40%. This is an increase from Exchange Income’s previous monthly dividend of $0.16. The ex-dividend date was Thursday, July 27th.

In related news, insider Tamara Schock bought 2,690 shares of the stock in a transaction dated Wednesday, July 26th. The stock was acquired at an average price of C$27.80 per share, for a total transaction of C$74,782.00. Also, Director Gary Buckley bought 1,600 shares of the stock in a transaction dated Tuesday, August 29th. The stock was bought at an average price of C$30.79 per share, with a total value of C$49,264.00. In the last quarter, insiders bought 78,460 shares of company stock valued at $2,272,218.

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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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