The stock of Exchange Income Corporation (TSE:EIF) hit a new 52-week high and has $58.14 target or 60.00% above today’s $36.34 share price. The 6 months bullish chart indicates low risk for the $1.05B company. The 1-year high was reported on Oct, 17 by Barchart.com. If the $58.14 price target is reached, the company will be worth $630.00M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 20,009 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 0.30% above today’s ($36.34) stock price. Exchange Income Corporation has been the topic of 33 analyst reports since August 14, 2015 according to StockzIntelligence Inc. Scotia Capital maintained it with “Outperform” rating and $30 target price in Friday, August 14 report. The firm has “Outperform” rating by RBC Capital Markets given on Friday, August 21. The stock has “Outperform” rating given by National Bank Canada on Friday, August 14. Raymond James upgraded Exchange Income Corporation (TSE:EIF) on Wednesday, August 19 to “Outperform” rating. The firm has “Top Pick” rating given on Wednesday, June 8 by Laurentian. The firm has “Strong Buy” rating given on Friday, August 14 by EdgeCrest. The rating was maintained by Altacorp on Monday, August 31 with “Outperform”. The stock has “Buy” rating given by TD Securities on Thursday, October 29. Scotia Capital maintained Exchange Income Corporation (TSE:EIF) rating on Wednesday, June 8. Scotia Capital has “Outperform” rating and $37 price target. The firm earned “Outperform” rating on Thursday, November 26 by National Bank Canada.
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 20.96 P/E ratio. These services are provided by Calm Air, Perimeter, Keewatin, Bearskin, Custom Helicopters and other aviation supporting businesses.
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