Buy, Sell or Hold: Canoe EIT Income Fund (EIT.UN-T) — Stock Predictions at Stockchase

Home Daily Stock Opinions and Ratings Canoe EIT Income Fund (EIT.UN-T)

TSE:EIT.UN

15.21

0.13 (0.86%) 1d

Weekly 52-Week Low (or 52-Week High): BAM-T, IAG-T, ONC-T, CCB-X and More 52-Week Highs and Lows (Feb 05-11)Most Anticipated Earnings: IAG-T, BDT-T and more Canadian Companies Reporting Earnings this Week (Nov 04-08)Weekly 52-Week Low (or 52-Week High): BAM-T, IAG-T, ONC-T, CCB-X and More 52-Week Highs and Lows (Oct 02-08)

Investor Insights

This summary was created by AI, based on 1 opinions in the last 12 months.

Canoe EIT Income Fund (EIT.UN-T) is perceived as a promising option for investors seeking income, primarily due to its strategy of holding a diverse basket of common stocks that includes significant U.S. companies. The fund's approach appears to be resonating well with some investors, evidenced by positive performance feedback, although there remains a degree of uncertainty among some analysts regarding its long-term viability. The focus on income generation indicates that it may appeal to those looking for stable returns, especially in the current economic climate. Overall, while some individuals are cautious, the fund seems to be performing adequately and catering to income-focused investors. Each investor's comfort with the risk and market fluctuations is essential when deciding on this fund.

Consensus

Positive

Valuation

Fair Value

Similar

Fundus, ABC

COMMENT

It is a basket of common stocks including big U.S. companies. He is not sure about it but it is doing well for the caller. Income is the focus.

WEAK BUY

Does not like closed end funds due to pricing details. Nature of fund can cause big price gyrations. Is a good vehicle for income otherwise.

HOLD

Good way to allocate capital. It's fine. Funds are not really his style. You can continue to hold it.

COMMENT

Not a fan of closed fund since the underlying securities will deviate from the net asset value of the fund. There are big dislocations. Underlying holdings are good quality companies. On a weighted basis, the yield is 3%, but the fund is paying 8%. This comes from the capital gains. It is not pure yield.

Unspecified

Are dividends safe? He can't see the underlying companies from his terminal and apologizes for that. If good underlying companies, dividends are relatively safe. If engineering of distribution yields, he would be concerned.

COMMENT

Pays an 11% dividend yield. How are they paying that? They probably hold a lot of Canadian infrastructure but those stocks pay only 3-4%. The US component is also dragging down that yield. There's a mismatch here in holdings vs. the 11% yield. The total return will probably be 5-7%, but the high yield will limit share performance. This is a warning. Look at their top holdings and see how you feel about that.

COMMENT

It's a preferred share ETF. It provides income. It's a hybrid between a stock and a bond. This gives you a good position in a Canadian taxable account.

DON'T BUY

He is quite indifferent to this one currently. Looks fairly extended from his point of view. Also, in another year or so, income trusts will have to convert and there could be some concerted selling when they cut distributions.

COMMENT

Hasn’t looked at this for a while but it has come off considerably. Vulnerable to the price slide of the underlying commodity. Appropriately priced and he would need a reason for it to go up.

BUY

A diversified trust mainly made up of income funds. Do a reasonably good job. A good, conservative, diversified way to play the income game.

WAIT

(Market Call Minute.) Likes it but there are others he likes better.

SELL

(Market Call Minute.) You have to be very careful with this one. A lot of other stocks out there so he would sell and move to others.

WEAK BUY

A diversified trust. Large exposure to REITs and to oil and gas. These things typically trade at a discount to their net asset value.

SELL

The management company was recently sold. It has to re-invent itself.

COMMENT

Single largest closed-end fund, which invests predominately in income trusts. Trading at a significant discount to its NAV. Distribution they pay is probably more than they earn internally so there is a potential of a distribution cut.

Showing 1 to 15 of 27 entries

Canoe EIT Income Fund(EIT.UN-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Canoe EIT Income Fund is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Canoe EIT Income Fund(EIT.UN-T) Frequently Asked Questions

What is Canoe EIT Income Fund stock symbol?

Canoe EIT Income Fund is a Canadian stock, trading under the symbol EIT.UN-T on the Toronto Stock Exchange (EIT.UN-CT). It is usually referred to as TSX:EIT.UN or EIT.UN-T

Is Canoe EIT Income Fund a buy or a sell?

In the last year, there was no coverage of Canoe EIT Income Fund published on Stockchase.

Is Canoe EIT Income Fund a good investment or a top pick?

Canoe EIT Income Fund was recommended as a Top Pick by on . Read the latest stock experts ratings for Canoe EIT Income Fund.

Why is Canoe EIT Income Fund stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Canoe EIT Income Fund worth watching?

0 stock analysts on Stockchase covered Canoe EIT Income Fund In the last year. It is a trending stock that is worth watching.

What is Canoe EIT Income Fund stock price?

On 2025-04-02, Canoe EIT Income Fund (EIT.UN-T) stock closed at a price of $15.21.

Canoe EIT Income Fund (EIT.UN-T)

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Canoe EIT Income Fund(EIT.UN-T) Rating

Canoe EIT Income Fund(EIT.UN-T) Frequently Asked Questions

What is Canoe EIT Income Fund stock symbol?

Is Canoe EIT Income Fund a buy or a sell?

Is Canoe EIT Income Fund a good investment or a top pick?

Why is Canoe EIT Income Fund stock dropping?

Is Canoe EIT Income Fund worth watching?

What is Canoe EIT Income Fund stock price?

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