Exchange Income Co. (EIF) Raised to Buy at TD Securities

TD Securities upgraded shares of Exchange Income Co. (TSE:EIF) from a hold rating to a buy rating in a research report released on Thursday, May 11th. TD Securities currently has C$45.00 price target on the stock, up from their previous price target of C$44.00.

Several other brokerages have also commented on EIF. Canaccord Genuity dropped their price target on Exchange Income from C$49.50 to C$49.00 in a research note on Friday, February 24th. Royal Bank of Canada decreased their target price on Exchange Income from C$42.00 to C$38.00 and set a sector perform rating for the company in a research report on Thursday, May 11th. Scotiabank reaffirmed an outperform rating and issued a C$44.00 target price on shares of Exchange Income in a research report on Friday, February 24th. Finally, Raymond James Financial, Inc. raised Exchange Income from an outperform rating to a strong-buy rating and set a C$48.00 target price for the company in a research report on Friday, February 24th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Exchange Income has an average rating of Buy and an average price target of C$45.22.

Exchange Income (TSE EIF) opened at 29.25 on Thursday. The company has a 50 day moving average of $33.98 and a 200-day moving average of $38.46. Exchange Income has a 12-month low of $28.63 and a 12-month high of $45.28. The stock has a market cap of $910.93 million and a P/E ratio of 15.05.

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In other Exchange Income news, insider Adam Terwin purchased 4,000 shares of Exchange Income stock in a transaction that occurred on Tuesday, May 23rd. The stock was purchased at an average price of C$34.40 per share, with a total value of C$137,600.00. Also, Director Edward Warkentin purchased 1,375 shares of Exchange Income stock in a transaction that occurred on Thursday, May 11th. The stock was acquired at an average cost of C$35.45 per share, with a total value of C$48,743.75. Insiders purchased 15,543 shares of company stock valued at $524,662 in the last three months.

About Exchange Income

Exchange Income Corporation is focused on opportunities in aerospace and aviation services and equipment, and manufacturing. The Company operates through two segments: Aviation and Manufacturing. The Aviation segment provides scheduled airline and charter service, and emergency medical services to communities located in Manitoba, Ontario and Nunavut.

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