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

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

The stock of Exchange Income Corporation (TSE:EIF) is a huge mover today! About 31,577 shares traded hands. Exchange Income Corporation (TSE:EIF) has risen 50.38% since April 14, 2016 and is uptrending. It has outperformed by 45.95% the S&P500.
The move comes after 6 months negative chart setup for the $1.32B company. It was reported on Nov, 18 by Barchart.com. We have $40.59 PT which if reached, will make TSE:EIF worth $79.20M less.

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 -12.95% below today’s ($43.18) stock price. Exchange Income Corporation has been the topic of 37 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by Altacorp on Monday, August 31. The firm has “Outperform” rating by RBC Capital Markets given on Friday, August 21. National Bank Canada maintained it with “Outperform” rating and $29 target price in Friday, August 14 report. The rating was maintained by Scotia Capital on Wednesday, June 8 with “Outperform”. The company was maintained on Thursday, November 26 by National Bank Canada. The rating was initiated by TD Securities on Thursday, October 29 with “Buy”. The rating was maintained by Scotia Capital with “Outperform” on Friday, August 14. The company was maintained on Wednesday, June 8 by Laurentian. The firm has “Strong Buy” rating given on Friday, August 14 by EdgeCrest. As per Wednesday, August 19, the company rating was upgraded by Raymond James.

More news for Exchange Income Corporation (TSE:EIF) were recently published by: Finance.Yahoo.com, which released: “Exchange Income Corporation Announces November 2016 Dividend” on November 17, 2016. Marketwired.com‘s article titled: “Exchange Income Corporation Announces $60000000 Bought Deal Financing of 5.25 …” and published on May 16, 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 $1.32 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 23.79 P/E ratio. These services are provided by Calm Air, Perimeter, Keewatin, Bearskin, Custom Helicopters and other aviation supporting businesses.

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