Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Price Target Cut to C$28.00 by Analysts at ATB Cormark Capital Markets

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN – Get Free Report) had its target price reduced by stock analysts at ATB Cormark Capital Markets from C$28.50 to C$28.00 in a research note issued to investors on Thursday, BayStreet reports. The firm presently has an “outperform” rating on the stock. ATB Cormark Capital Markets‘s target price would suggest a potential upside of 31.21% from the company’s previous close.

Several other research firms also recently weighed in on AD.UN. National Bank Financial decreased their price objective on Alaris Equity Partners Income Trust (AD.UN) from C$31.50 to C$30.00 and set an “outperform” rating for the company in a report on Thursday. Canaccord Genuity Group increased their target price on shares of Alaris Equity Partners Income Trust (AD.UN) from C$30.00 to C$30.25 and gave the stock a “buy” rating in a report on Wednesday, September 30th. Raymond James Financial cut their target price on shares of Alaris Equity Partners Income Trust (AD.UN) from C$32.00 to C$29.00 and set an “outperform” rating on the stock in a research report on Thursday. Stifel Nicolaus raised their target price on shares of Alaris Equity Partners Income Trust (AD.UN) from C$26.00 to C$27.00 and gave the company a “buy” rating in a research report on Wednesday, September 30th. Finally, Desjardins reduced their price target on shares of Alaris Equity Partners Income Trust (AD.UN) from C$27.50 to C$27.00 and set a “buy” rating for the company in a report on Wednesday. Eight equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$27.19.

Read Our Latest Stock Analysis on Alaris Equity Partners Income Trust (AD.UN)

Alaris Equity Partners Income Trust (AD.UN) Stock Down 3.1%

Shares of AD.UN stock traded down C$0.69 during mid-day trading on Thursday, hitting C$21.34. The stock had a trading volume of 243,225 shares, compared to its average volume of 86,928. Alaris Equity Partners Income Trust has a 12-month low of C$18.85 and a 12-month high of C$26.31. The company has a debt-to-equity ratio of 6.33, a current ratio of 0.60 and a quick ratio of 2.36. The firm’s 50-day moving average is C$23.50 and its two-hundred day moving average is C$23.13. The firm has a market capitalization of C$1.08 billion, a P/E ratio of 6.51, a price-to-earnings-growth ratio of 0.80 and a beta of 1.10.

About Alaris Equity Partners Income Trust (AD.UN)

(Get Free Report)

Alaris’ investment and investing activity refers to providing, through the Acquisition Entities, structured equity to private companies (‘ Partners ‘) to meet their business and capital objectives, which includes management buyouts, dividend recapitalization, growth and acquisitions. Alaris achieves this by investing its unitholder capital, as well as debt, through the Acquisition Entities, in exchange for distributions, dividends or interest (collectively, ‘ Distributions ‘) as well as capital appreciation on both preferred and common equity.

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