Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Price Target Raised to C$27.00

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN – Free Report) had its target price hoisted by Desjardins from C$26.50 to C$27.00 in a research note released on Wednesday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

AD.UN has been the subject of several other reports. National Bank Financial boosted their price target on Alaris Equity Partners Income Trust (AD.UN) from C$28.00 to C$30.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. Acumen Capital increased 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 research report on Monday, April 6th. Raymond James Financial lifted their target price on Alaris Equity Partners Income Trust (AD.UN) from C$27.00 to C$27.25 and gave the stock an “outperform” rating in a report on Friday, May 8th. Finally, ATB Cormark Capital Markets boosted their target price on shares of Alaris Equity Partners Income Trust (AD.UN) from C$29.00 to C$32.00 and gave the company an “outperform” rating in a research report on Wednesday. Six analysts have rated the stock with a Buy rating and one has issued 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.

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Alaris Equity Partners Income Trust (AD.UN) Trading Up 0.1%

Shares of AD.UN stock opened at C$24.79 on Wednesday. Alaris Equity Partners Income Trust has a 12-month low of C$17.80 and a 12-month high of C$25.48. The company has a market capitalization of C$1.13 billion, a PE ratio of 12.03, a price-to-earnings-growth ratio of 0.80 and a beta of 1.21. The firm has a 50 day moving average price of C$24.02 and a two-hundred day moving average price of C$22.57. The company has a quick ratio of 2.36, a current ratio of 0.60 and a debt-to-equity ratio of 6.33.

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

Alaris Equity Partners Income Trust (AD.UN) Company Profile

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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.

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