The stock of Exchange Income Corporation (TSE:EIF) reached all time high today, Nov, 15 and still has $55.58 target or 36.00% above today’s $40.87 share price. This indicates more upside for the $1.19B company. This technical setup was reported by Barchart.com. If the $55.58 PT is reached, the company will be worth $428.40 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 18,930 shares traded hands. Exchange Income Corporation (TSE:EIF) has risen 41.84% since April 11, 2016 and is uptrending. It has outperformed by 37.92% 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 $37.59 average target is -8.03% below today’s ($40.87) stock price. Exchange Income Corporation has been the topic of 37 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The rating was initiated by TD Securities on Thursday, October 29 with “Buy”. The company was maintained on Wednesday, June 8 by Laurentian. Scotia Capital maintained it with “Outperform” rating and $37 target price in Wednesday, June 8 report. The company was maintained on Friday, August 14 by Scotia Capital. The firm has “Outperform” rating by Altacorp given on Monday, August 31. National Bank Canada maintained the shares of EIF in a report on Friday, August 14 with “Outperform” rating. EdgeCrest maintained it with “Strong Buy” rating and $34 target price in Friday, August 14 report. The firm has “Outperform” rating by National Bank Canada given on Thursday, November 26. The company was upgraded on Wednesday, August 19 by Raymond James. RBC Capital Markets initiated Exchange Income Corporation (TSE:EIF) rating on Friday, August 21. RBC Capital Markets has “Outperform” rating and $32 price target.
More news for Exchange Income Corporation (TSE:EIF) were recently published by: Marketwired.com, which released: “Exchange Income Corporation Announces $60000000 Bought Deal Financing of 5.25 …” on May 16, 2016. Reuters.com‘s article titled: “BRIEF-Exchange Income Corporation reports Q3 earnings per share of C$0.72” and published on November 09, 2016 is yet another important article.
Exchange Income Corporation is focused on opportunities in two sectors: aviation services and equipment, and manufacturing. The company has a market cap of $1.19 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 22.51 P/E ratio. These services are provided by Calm Air, Perimeter, Keewatin, Bearskin, Custom Helicopters and other aviation supporting businesses.
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