Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Given New C$27.50 Price Target at Desjardins

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) had its price objective increased by Desjardins from C$27.00 to C$27.50 in a research report released on Friday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other research analysts have also commented on the stock. 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 note on Friday, July 17th. Raymond James Financial upped 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 research report on Friday, May 8th. Finally, ATB Cormark Capital Markets increased their price target on 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 note on Wednesday, July 22nd. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Alaris Equity Partners Income Trust (AD.UN) presently has a consensus rating of “Moderate Buy” and an average price target of C$27.18.

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

Shares of AD.UN opened at C$25.69 on Friday. The firm has a market capitalization of C$1.17 billion, a PE ratio of 12.47, a P/E/G ratio of 0.80 and a beta of 1.21. The company has a quick ratio of 2.36, a current ratio of 0.60 and a debt-to-equity ratio of 6.33. The firm has a 50-day moving average price of C$24.31 and a 200 day moving average price of C$22.83. Alaris Equity Partners Income Trust has a 52-week low of C$17.80 and a 52-week high of C$26.15.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) last released its quarterly 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 net margin of 97.33% and a return on equity of 22.20%. On average, sell-side analysts anticipate that Alaris Equity Partners Income Trust will post 1.9300847 earnings per share for the current fiscal year.

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

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.