TD Securities Increases Exchange Income Co. (EIF) Price Target to C$43.00
Exchange Income Co. (TSE:EIF) had its target price raised by equities researchers at TD Securities from C$42.00 to C$43.00 in a research note issued to investors on Friday. The brokerage presently has a “buy” rating on the stock. TD Securities’ price objective indicates a potential upside of 22.51% from the stock’s current price.
Several other equities analysts have also weighed in on EIF. Royal Bank Of Canada reiterated a “sector perform” rating and issued a C$38.00 target price on shares of Exchange Income in a report on Friday, July 7th. Canaccord Genuity decreased their target price on shares of Exchange Income from C$44.00 to C$42.00 and set a “buy” rating on the stock in a report on Friday, July 21st. CIBC decreased their target price on shares of Exchange Income from C$39.00 to C$35.00 and set a “neutral” rating on the stock in a report on Friday, July 21st. Finally, Scotiabank decreased their target price on shares of Exchange Income from C$43.00 to C$42.00 and set an “outperform” rating on the stock in a report on Friday, July 21st. Two research 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 company. Exchange Income has a consensus rating of “Buy” and a consensus price target of C$43.67.
Exchange Income (TSE EIF) traded down 1.068% during mid-day trading on Friday, reaching $34.725. 34,246 shares of the company were exchanged. The company has a 50 day moving average of $32.63 and a 200-day moving average of $33.43. Exchange Income has a 1-year low of $25.80 and a 1-year high of $45.28. The company has a market capitalization of $1.07 billion and a price-to-earnings ratio of 16.181.
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In related news, insider Tamara Schock purchased 2,690 shares of Exchange Income stock in a transaction dated Wednesday, July 26th. The shares were acquired at an average cost of C$27.80 per share, with a total value of C$74,782.00. Also, Director Serena Kraayeveld purchased 1,000 shares of Exchange Income stock in a transaction dated Friday, July 21st. The stock was bought at an average cost of C$29.48 per share, for a total transaction of C$29,480.00. Insiders bought a total of 77,760 shares of company stock worth $2,253,017 over the last three months.
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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