Alaris Royalty Corp. (TSE:AD) – Equities researchers at Cormark reduced their FY2021 EPS estimates for Alaris Royalty in a research report issued on Monday, March 23rd. Cormark analyst J. Fenwick now forecasts that the company will post earnings of $1.98 per share for the year, down from their prior forecast of $2.11.
A number of other brokerages have also recently commented on AD. National Bank Financial decreased their price target on Alaris Royalty from C$18.00 to C$8.00 and set a “sector perform” rating on the stock in a research report on Friday, March 20th. Scotiabank raised their price target on Alaris Royalty from C$20.00 to C$21.00 in a research report on Wednesday, January 8th. Finally, CIBC cut Alaris Royalty from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from C$25.00 to C$21.50 in a research report on Tuesday, March 3rd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of C$18.71.
Shares of TSE AD opened at C$8.57 on Wednesday. The company has a debt-to-equity ratio of 62.37, a quick ratio of 0.34 and a current ratio of 1.87. Alaris Royalty has a 52 week low of C$5.83 and a 52 week high of C$23.34. The stock has a market capitalization of $228.84 million and a P/E ratio of 8.74. The stock’s fifty day moving average is C$16.93 and its 200 day moving average is C$20.06.
The firm also recently announced a monthly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 28th were given a $0.138 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 19.32%. The ex-dividend date of this dividend was Thursday, February 27th. This is a boost from Alaris Royalty’s previous monthly dividend of $0.14. Alaris Royalty’s payout ratio is currently 168.37%.
Alaris Royalty Company Profile
Alaris Royalty Corp. is a private equity firm specializing in management buyouts, growth capital, lower & middle market, later stage, industry consolidation, growth capital, and mature investments. The firm does not invest in turnarounds and start-ups. It prefers to invest in the companies based in all industries except for those with a declining asset base, such as oil and gas resource companies, or any industry that carry the risk of obsolescence such as high tech and focuses on business services, professional services, information services, healthcare services, distribution & logistics, industrials, consumer products.
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