The stock of Exchange Income Corporation (TSE:EIF) hit a new 52-week high and has $46.86 target or 8.00% above today’s $43.39 share price. The 7 months bullish chart indicates low risk for the $1.25B company. The 1-year high was reported on Nov, 24 by Barchart.com. If the $46.86 price target is reached, the company will be worth $100.00M 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 5,930 shares traded hands. Exchange Income Corporation (TSE:EIF) has risen 45.25% since April 20, 2016 and is uptrending. It has outperformed by 39.84% 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 -13.37% below today’s ($43.39) stock price. Exchange Income Corporation has been the topic of 37 analyst reports since August 14, 2015 according to StockzIntelligence Inc. TD Securities initiated the shares of EIF in a report on Thursday, October 29 with “Buy” rating. The firm has “Outperform” rating given on Wednesday, August 19 by Raymond James. The firm has “Outperform” rating given on Thursday, November 26 by National Bank Canada. The rating was maintained by Altacorp on Monday, August 31 with “Outperform”. On Friday, August 14 the stock rating was maintained by National Bank Canada with “Outperform”. EdgeCrest maintained it with “Strong Buy” rating and $34 target price in Friday, August 14 report. The stock of Exchange Income Corporation (TSE:EIF) earned “Outperform” rating by Scotia Capital on Friday, August 14. The company was maintained on Wednesday, June 8 by Laurentian. RBC Capital Markets initiated Exchange Income Corporation (TSE:EIF) on Friday, August 21 with “Outperform” rating. Scotia Capital maintained Exchange Income Corporation (TSE:EIF) on Wednesday, June 8 with “Outperform” rating.
Another recent and important Exchange Income Corporation (TSE:EIF) news was published by Marketwired.com which published an article titled: “Exchange Income Corporation Announces $60000000 Bought Deal Financing of 5.25 …” on May 16, 2016.
Exchange Income Corporation is focused on opportunities in two sectors: aviation services and equipment, and manufacturing. The company has a market cap of $1.25 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 23.9 P/E ratio. These services are provided by Calm Air, Perimeter, Keewatin, Bearskin, Custom Helicopters and other aviation supporting businesses.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.