Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Price Target Raised to C$32.00 at ATB Cormark Capital Markets

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UNGet Free Report) had its price target raised by investment analysts at ATB Cormark Capital Markets from C$29.00 to C$32.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price objective suggests a potential upside of 28.31% from the company’s current price.

Other equities analysts have also issued reports about the stock. Acumen Capital upped their target price on shares of Alaris Equity Partners Income Trust (AD.UN) from C$26.00 to C$26.50 and gave the stock a “buy” rating in a research report on Monday, April 6th. National Bank Financial raised their price target on shares of Alaris Equity Partners Income Trust (AD.UN) from C$28.00 to C$30.00 and gave the company an “outperform” rating in a report on Friday, July 17th. Raymond James Financial boosted their price objective on shares of Alaris Equity Partners Income Trust (AD.UN) from C$27.00 to C$27.25 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Finally, Desjardins upped their price objective on Alaris Equity Partners Income Trust (AD.UN) from C$26.00 to C$26.50 and gave the stock a “buy” rating in a report on Friday, May 8th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$27.11.

Get Our Latest Analysis on AD.UN

Alaris Equity Partners Income Trust (AD.UN) Price Performance

Shares of TSE:AD.UN traded down C$0.27 during midday trading on Wednesday, reaching C$24.94. The company’s stock had a trading volume of 60,373 shares, compared to its average volume of 77,786. The business’s fifty day simple moving average is C$23.90 and its 200-day simple moving average is C$22.49. The company has a debt-to-equity ratio of 6.33, a current ratio of 0.60 and a quick ratio of 2.36. Alaris Equity Partners Income Trust has a fifty-two week low of C$17.80 and a fifty-two week high of C$25.48. The company has a market capitalization of C$1.14 billion, a P/E ratio of 12.11, a P/E/G ratio of 0.80 and a beta of 1.21.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UNGet Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported C$0.81 earnings per share (EPS) for the quarter. Alaris Equity Partners Income Trust (AD.UN) had a net margin of 97.33% and a return on equity of 22.20%. The business had revenue of C$37.37 million for the quarter. As a group, equities research analysts expect that Alaris Equity Partners Income Trust will post 1.9300847 EPS for the current fiscal year.

About Alaris Equity Partners Income Trust (AD.UN)

(Get Free Report)

Alaris Equity Partners Income Trust is an open-ended trust. The Trust, through its subsidiaries, indirectly provides alternative financing to private companies (Partners) in exchange for distributions with the principal objective of generating stable and predictable cash flows for payment of distributions to unitholders of the Trust. Distributions from the Partners are adjusted each year based on the percentage change of a top-line financial performance measure such as gross margin and same-store sales and rank in priority to the owner’s common equity position.

Featured Articles

Analyst Recommendations for Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN)

Receive News & Ratings for Alaris Equity Partners Income Trust (AD.UN) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alaris Equity Partners Income Trust (AD.UN) and related companies with MarketBeat.com's FREE daily email newsletter.