Shares of Exchange Income Co. (TSE:EIF – Get Free Report) have received a consensus recommendation of “Buy” from the seven research firms that are currently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$63.56.
Several research analysts have commented on the company. Scotiabank dropped their price target on Exchange Income from C$66.00 to C$62.00 and set an “outperform” rating on the stock in a research report on Monday. ATB Capital decreased their price objective on Exchange Income from C$66.00 to C$60.00 and set an “outperform” rating on the stock in a report on Monday. TD Securities decreased their price objective on Exchange Income from C$65.00 to C$63.00 and set a “buy” rating on the stock in a report on Monday. Royal Bank of Canada decreased their price objective on Exchange Income from C$71.00 to C$70.00 and set an “outperform” rating on the stock in a report on Friday, October 6th. Finally, CIBC decreased their price objective on Exchange Income from C$64.50 to C$58.00 in a report on Tuesday.
Exchange Income Stock Up 2.2 %
Exchange Income Dividend Announcement
The business also recently declared a monthly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were paid a $0.21 dividend. This represents a $2.52 annualized dividend and a yield of 5.49%. The ex-dividend date was Monday, October 30th. Exchange Income’s dividend payout ratio is 94.74%.
Insider Activity at Exchange Income
In other Exchange Income news, Director Edward Warkentin acquired 1,115 shares of Exchange Income stock in a transaction on Tuesday, November 14th. The shares were bought at an average price of C$44.84 per share, with a total value of C$49,995.04. 6.40% of the stock is owned by insiders.
Exchange Income Company Profile
Exchange Income Corporation, together with its subsidiaries, engages in aerospace and aviation services and equipment, and manufacturing businesses worldwide. It operates in two segments, Aerospace & Aviation, and Manufacturing. The Aerospace & Aviation segment offers scheduled airline, cargo, charter, and emergency medical services to communities located in Manitoba, Ontario, Nunavut, British Columbia, and Alberta, as well as Newfoundland and Labrador, Québec, New Brunswick, and Nova Scotia.
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