Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Price Target Raised to C$30.00

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN – Free Report) had its price objective increased by Canaccord Genuity Group from C$27.50 to C$30.00 in a research note published on Monday morning,BayStreet.CA reports.

A number of other equities research analysts have also weighed in on AD.UN. ATB Cormark Capital Markets raised their price objective 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 report on Wednesday, July 22nd. Desjardins boosted their target price on shares of Alaris Equity Partners Income Trust (AD.UN) from C$27.00 to C$27.50 and gave the stock a “buy” rating in a research note on Friday, August 7th. National Bank Financial increased their target price 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 report on Friday, July 17th. Finally, Raymond James Financial raised their price target on Alaris Equity Partners Income Trust (AD.UN) from C$27.00 to C$27.25 and gave the company an “outperform” rating in a research note on Friday, May 8th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Alaris Equity Partners Income Trust (AD.UN) presently has an average rating of “Moderate Buy” and an average price target of C$27.53.

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

Shares of Alaris Equity Partners Income Trust (AD.UN) stock opened at C$25.75 on Monday. The business has a 50-day simple moving average of C$24.44 and a 200-day simple moving average of C$22.92. The company has a debt-to-equity ratio of 6.33, a quick ratio of 2.36 and a current ratio of 0.60. Alaris Equity Partners Income Trust has a one year low of C$17.92 and a one year high of C$26.31. The company has a market cap of C$1.18 billion, a PE ratio of 7.85, a P/E/G ratio of 0.80 and a beta of 1.21.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN – Get Free Report) last issued its earnings results on Wednesday, May 6th. The company reported C$0.81 earnings per share 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 firm had revenue of C$37.37 million for the quarter. On average, equities research analysts forecast that Alaris Equity Partners Income Trust will post 1.9300847 EPS for the current fiscal year.

About Alaris Equity Partners Income Trust (AD.UN)

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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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