Canoe EIT Income Fund (ENDTF) Stock Price, News & Analysis

Company Overview

Canoe EIT Income Fund is a Canadian closed-end investment fund that seeks to provide investors with regular income and the opportunity for long-term capital appreciation. The fund is managed by Canoe Financial LP and is listed in Canada under the symbol EIT.UN; its units also trade over the counter in the United States under the symbol ENDTF.

The fund invests in a diversified portfolio of income-generating securities, including Canadian and international equities, preferred shares, and fixed-income investments. Its holdings may span multiple industries and geographic markets, allowing the portfolio to pursue income and growth opportunities while maintaining diversification.

Canoe EIT Income Fund has operated as a long-standing Canadian investment fund and is designed for investors seeking professionally managed exposure to a broad range of securities through a single investment. Canoe Financial oversees the fund's portfolio management and administration.

Key Stats

• Today's Range: C$12.02 to C$12.02
• 50-Day Range: C$11.77 to C$12.90
• 52-Week Range: C$10.30 to C$12.97
• Volume: 21,700 shs
• Average Volume: 22,520 shs
• Market Capitalization: C$1.44 billion
• P/E Ratio: 3.41
• Dividend Yield: 4.99%
• Price Target: N/A
• Consensus Rating: N/A

Canoe EIT Income Fund Stock Analysis - MarketRank™

Canoe EIT Income Fund scored higher than 32% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Canoe EIT Income Fund.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Canoe EIT Income Fund is 3.41, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 44.66.

Price to Earnings Ratio vs. Sector

The P/E ratio of Canoe EIT Income Fund is 3.41, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 24.45.

Price to Book Value per Share Ratio

Canoe EIT Income Fund has a P/B Ratio of 1.36. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.02% of the float of Canoe EIT Income Fund has been sold short.

Short Interest Ratio / Days to Cover

Canoe EIT Income Fund has a short interest ratio ("days to cover") of 1.27, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Canoe EIT Income Fund has recently increased by 57.48%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Canoe EIT Income Fund is a leading dividend payer. It pays a dividend yield of 12.92%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Canoe EIT Income Fund does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Canoe EIT Income Fund is 17.05%. This payout ratio is at a healthy, sustainable level, below 75%.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: 0.18

News Sentiment

Canoe EIT Income Fund has a news sentiment score of 0.18. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.60 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Canoe EIT Income Fund this week, compared to 0 articles on an average week.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Canoe EIT Income Fund insiders have not sold or bought any company stock.

Percentage Held by Institutions

0.44% of the stock of Canoe EIT Income Fund is held by institutions.

Industry, Sector and Symbol

• Stock Exchange: OTCMKTS
• Sector: Finance
• Industry: Capital Markets
• Sub-Industry: Asset Management & Custody Banks
• Current Symbol: OTCMKTS:ENDTF
• CIK: N/A
• Web: www.canoefinancial.com
• Phone: 800-459-3384
• Fax: N/A
• Employees: 108
• Year Founded: N/A

Profitability

• EPS (Trailing Twelve Months): N/A
• Trailing P/E Ratio: 3.41
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: 29.91
• Current Ratio: 0.96
• Quick Ratio: 0.96

Sales & Book Value

• Annual Sales: -C$44.08 million
• Price / Sales: -32.56
• Cash Flow: C$1.90 per share
• Price / Cash Flow: 6.32
• Book Value: C$8.82 per share
• Price / Book: 1.36

Miscellaneous

• Outstanding Shares: 119,404,000
• Free Float: N/A
• Market Cap: C$1.44 billion
• Optionable: Not Optionable
• Beta: N/A