The stock of Exchange Income Corporation (TSE:EIF) reached all time high today, Oct, 17 and still has $54.16 target or 49.00% above today’s $36.35 share price. This indicates more upside for the $1.05 billion company. This technical setup was reported by Barchart.com. If the $54.16 PT is reached, the company will be worth $514.50 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 22,554 shares traded hands. Exchange Income Corporation (TSE:EIF) has risen 37.69% since March 10, 2016 and is uptrending. It has outperformed by 32.07% the S&P500.
Exchange Income Corporation (TSE:EIF) Ratings Coverage
Out of 7 analysts covering Exchange Income Corporation (TSE:EIF), 6 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 86% are positive. $42 is the highest target while $27 is the lowest. The $36.45 average target is 0.28% above today’s ($36.35) stock price. Exchange Income Corporation has been the topic of 33 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Thursday, October 29 by TD Securities. As per Wednesday, June 8, the company rating was maintained by Scotia Capital. The stock has “Outperform” rating given by Raymond James on Wednesday, August 19. The rating was maintained by National Bank Canada with “Outperform” on Thursday, November 26. Scotia Capital maintained the shares of EIF in a report on Friday, August 14 with “Outperform” rating. The stock of Exchange Income Corporation (TSE:EIF) has “Outperform” rating given on Friday, August 21 by RBC Capital Markets. The stock has “Top Pick” rating given by Laurentian on Wednesday, June 8. National Bank Canada maintained Exchange Income Corporation (TSE:EIF) rating on Friday, August 14. National Bank Canada has “Outperform” rating and $29 price target. The firm has “Outperform” rating given on Monday, August 31 by Altacorp. The stock has “Strong Buy” rating given by EdgeCrest on Friday, August 14.
More important recent Exchange Income Corporation (TSE:EIF) news were published by: Forbes.com which released: “Exchange Income Corp Named Top 25 Dividend Stock With 7.86% Yield” on March 04, 2015, also Finance.Yahoo.com published article titled: “Exchange Income Corporation Announces September 2016 Dividend”, Marketwired.com published: “Exchange Income Corporation Announces $60000000 Bought Deal Financing of 5.25 …” on May 16, 2016. More interesting news about Exchange Income Corporation (TSE:EIF) was released by: Business.Financialpost.com and their article: “Exchange Income’s two year redemption window rankles some potential investors” with publication date: May 17, 2016.
Exchange Income Corporation is focused on opportunities in two sectors: aviation services and equipment, and manufacturing. The company has a market cap of $1.05 billion. The Firm operates through two divisions: Aviation, which provides scheduled airline and charter service and emergency medical services to communities located in Manitoba, Ontario and Nunavut. It has a 20.97 P/E ratio. These services are provided by Calm Air, Perimeter, Keewatin, Bearskin, Custom Helicopters and other aviation supporting businesses.
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