Desjardins Issues Positive Forecast for Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Stock Price

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) had its price objective raised by investment analysts at Desjardins from C$26.50 to C$27.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ target price suggests a potential upside of 8.26% from the company’s previous close.

Several other equities analysts have also weighed in on AD.UN. National Bank Financial raised their price objective 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 research report on Friday, July 17th. Raymond James Financial boosted their target price 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 report on Friday, May 8th. 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 stock an “outperform” rating in a report on Wednesday. Finally, Acumen Capital increased their target price on shares of Alaris Equity Partners Income Trust (AD.UN) from C$26.00 to C$26.50 and gave the company a “buy” rating in a research note on Monday, April 6th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Alaris Equity Partners Income Trust (AD.UN) currently has an average rating of “Moderate Buy” and a consensus price target of C$27.11.

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

Shares of Alaris Equity Partners Income Trust (AD.UN) stock traded down C$0.27 during trading on Wednesday, hitting C$24.94. The stock had a trading volume of 60,373 shares, compared to its average volume of 77,786. 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 has a market cap of C$1.14 billion, a P/E ratio of 12.11, a PEG ratio of 0.80 and a beta of 1.21. The business has a fifty day moving average of C$23.90 and a two-hundred day moving average of C$22.49. 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.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) last released its 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 return on equity of 22.20% and a net margin of 97.33%.The firm had revenue of C$37.37 million for the quarter. On average, sell-side analysts expect that Alaris Equity Partners Income Trust will post 1.9300847 earnings per share for the current fiscal year.

About Alaris Equity Partners Income Trust (AD.UN)

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.