Insider Buying: Exchange Income Co. (EIF) Director Purchases 5,000 Shares of Stock

Exchange Income Co. (TSE:EIF) Director Donald Streuber purchased 5,000 shares of the company’s stock in a transaction dated Monday, July 24th. The shares were bought at an average cost of C$27.53 per share, for a total transaction of C$137,650.00.

Exchange Income Co. (TSE EIF) traded up 0.30% on Friday, hitting $29.87. 48,761 shares of the company were exchanged. The stock’s 50-day moving average price is $29.96 and its 200-day moving average price is $34.89. The stock has a market capitalization of $923.31 million and a P/E ratio of 13.92. Exchange Income Co. has a 52-week low of $25.80 and a 52-week high of $45.28.

The company also recently disclosed a monthly dividend, which was paid on Tuesday, August 15th. Investors of record on Monday, July 31st were paid a $0.175 dividend. This is an increase from Exchange Income’s previous monthly dividend of $0.16. This represents a $2.10 annualized dividend and a yield of 7.03%. The ex-dividend date was Thursday, July 27th.

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Several brokerages have recently weighed in on EIF. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Exchange Income in a research note on Tuesday, May 2nd. Canaccord Genuity lowered their price objective on shares of Exchange Income from C$49.00 to C$44.00 and set a “buy” rating on the stock in a research note on Thursday, May 11th. TD Securities upgraded shares of Exchange Income from a “hold” rating to a “buy” rating and raised their target price for the stock from C$44.00 to C$45.00 in a research note on Thursday, May 11th. Scotiabank decreased their target price on shares of Exchange Income from C$44.00 to C$43.00 and set an “outperform” rating on the stock in a research note on Thursday, May 11th. Finally, CIBC decreased their target price on shares of Exchange Income from C$39.00 to C$35.00 and set a “neutral” rating on the stock in a research note on Friday, July 21st. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Exchange Income presently has a consensus rating of “Buy” and an average target price of C$43.56.

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.

Insider Buying and Selling by Quarter for Exchange Income (TSE:EIF)

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