What’s Next for Exchange Income Corporation After Today’s Huge Increase?

 What's Next for Exchange Income Corporation After Today's Huge Increase?

The stock of Exchange Income Corporation (TSE:EIF) is a huge mover today! About 43,599 shares traded hands. Exchange Income Corporation (TSE:EIF) has risen 41.66% since April 12, 2016 and is uptrending. It has outperformed by 36.97% the S&P500.
The move comes after 6 months positive chart setup for the $1.15B company. It was reported on Nov, 16 by Barchart.com. We have $65.93 PT which if reached, will make TSE:EIF worth $713.00 million more.

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 -7.64% below today’s ($40.7) stock price. Exchange Income Corporation has been the topic of 37 analyst reports since August 14, 2015 according to StockzIntelligence Inc. National Bank Canada maintained Exchange Income Corporation (TSE:EIF) on Friday, August 14 with “Outperform” rating. As per Friday, August 14, the company rating was maintained by EdgeCrest. The company was upgraded on Wednesday, August 19 by Raymond James. National Bank Canada maintained the shares of EIF in a report on Thursday, November 26 with “Outperform” rating. The rating was maintained by Scotia Capital with “Outperform” on Wednesday, June 8. The firm earned “Top Pick” rating on Wednesday, June 8 by Laurentian. RBC Capital Markets initiated Exchange Income Corporation (TSE:EIF) rating on Friday, August 21. RBC Capital Markets has “Outperform” rating and $32 price target. The stock has “Buy” rating given by TD Securities on Thursday, October 29. Altacorp maintained the shares of EIF in a report on Monday, August 31 with “Outperform” rating. As per Friday, August 14, the company rating was maintained by Scotia Capital.

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 $1.15 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 22.42 P/E ratio. These services are provided by Calm Air, Perimeter, Keewatin, Bearskin, Custom Helicopters and other aviation supporting businesses.

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