Exchange Income Co. (TSE:EIF – Get a rating) Senior officer Adam Terwin purchased 10,000 shares of the company in a trade that took place on Thursday, June 30. The shares were acquired at an average price of CA$41.85 per share, with a total value of CA$418,500.00. Following the completion of the transaction, the insider now directly owns 10,000 shares of the company, valued at C$418,500.
TSE:EIF traded up C$0.60 during trading hours on Tuesday, hitting C$43.17. 52,156 shares of the company were traded, against an average volume of 95,957. The company’s 50-day moving average is C$43.66 and its 200-day moving average is C$42.77. The stock has a market capitalization of C$1.68 billion and a P/E ratio of 25.38. The company has a debt ratio of 169.47, a current ratio of 1.90 and a quick ratio of 1.04. Exchange Income Co. has a 1-year low of C$37.79 and a 1-year high of C$48.69.
Foreign exchange income (TSE:EIF – Get a rating) last released its quarterly earnings data on Tuesday, May 10. The company reported earnings per share (EPS) of CA$0.20 for the quarter, beating the consensus estimate of CA$0.10 by CA$0.10. The company reported revenue of C$400.23 million for the quarter, compared to analyst estimates of C$342.07 million. As a group, research analysts predict that Exchange Income Co. will post earnings per share of 4.0599997 for the current year.
The company also recently announced a monthly dividend, which was paid on Wednesday, June 15. Shareholders of record on Tuesday, May 31 received a dividend of $0.20 per share. This represents a dividend of $2.40 on an annualized basis and a dividend yield of 5.56%. This is a positive change from Exchange Income’s previous monthly dividend of $0.19. The ex-dividend date was Monday, May 30. Exchange Income’s payout ratio is currently 134.91%.
Several brokerages have commented on FEI. Scotiabank has upgraded the exchange income from a “sector performance” rating to a “buy” rating and raised its price target for the company from C$47.00 to $56.00 CA in a report on Wednesday, May 11. Raymond James raised its price target on exchange income from C$55.00 to C$62.00 and gave the stock a “Strong Buy” rating in a Friday, May 13 research note. ATB Capital raised its price target on Exchange Income from CA$57.00 to CA$60.00 in a Thursday, May 12 research note. CIBC upgraded Exchange Income from a “neutral” rating to a “buy” rating and raised its target price for the business from C$47.00 to C$56.50 in a Friday 13 research report. may. Finally, Royal Bank of Canada raised its price target on Exchange Income from CA$52.00 to CA$62.00 and gave the company an “outperform” rating in a Tuesday, May 17 research report. Eight analysts gave the stock a buy rating and one gave the stock a strong buy rating. According to MarketBeat.com, the stock currently has a consensus buy quote and a consensus target price of C$55.86.
About exchange income (Get a rating)
Exchange Income Corporation is engaged in aerospace and aircraft services and equipment and manufacturing businesses worldwide. It operates through two segments, Aerospace and Aviation and Manufacturing. The Aeronautics and Aviation segment provides scheduled air services and charter flights, as well as emergency medical services to communities located in Manitoba, Ontario, Nunavut, British Columbia and Alberta, as well as Newfoundland -and Labrador, Quebec, New Brunswick and Nova Scotia.
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