Shares of Exchange Income Co. (TSE:EIF) have earned a consensus rating of “Buy” from the nine analysts that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$44.22.
A number of analysts have recently commented on the company. TD Securities cut their price target on Exchange Income from C$47.00 to C$46.00 and set a “buy” rating on the stock in a research note on Wednesday, June 27th. Royal Bank of Canada cut their price target on Exchange Income from C$39.00 to C$38.00 and set a “sector perform” rating on the stock in a research note on Friday, August 10th. Finally, National Bank Financial restated an “outperform” rating and set a C$44.00 price objective on shares of Exchange Income in a research report on Wednesday, June 27th.
Shares of EIF stock opened at C$32.74 on Friday. Exchange Income has a 12 month low of C$29.58 and a 12 month high of C$37.60.
The business also recently disclosed a monthly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 28th will be given a dividend of $0.183 per share. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 6.71%.
Exchange Income Company Profile
Exchange Income Corporation engages in aerospace and aviation services and equipment, and manufacturing businesses worldwide. It operates through two segments, Aerospace & Aviation, and Manufacturing. The Aerospace & Aviation segment scheduled airline and charter services, and emergency medical services to communities located in Manitoba, Ontario, and Nunavut; and scheduled airline and charter service in Newfoundland and Labrador, Quebec, New Brunswick, and Nova Scotia.
Further Reading: Hedge Funds – Risk or Reward?
Receive News & Ratings for Exchange Income Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exchange Income and related companies with MarketBeat.com's FREE daily email newsletter.