Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) have earned an average rating of “Moderate Buy” from the seven research firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$27.53.

A number of equities analysts have recently weighed in on the stock. Raymond James Financial upped their price target 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 research note on Friday, May 8th. Desjardins lifted their price objective on Alaris Equity Partners Income Trust (AD.UN) from C$27.00 to C$27.50 and gave the company a “buy” rating in a research report on Friday, August 7th. Canaccord Genuity Group boosted their target price on Alaris Equity Partners Income Trust (AD.UN) from C$27.50 to C$30.00 in a research note on Monday, August 10th. National Bank Financial boosted 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 research note on Friday, July 17th. Finally, ATB Cormark Capital Markets upped their target price on Alaris Equity Partners Income Trust (AD.UN) from C$29.00 to C$32.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd.

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

Shares of AD.UN opened at C$24.09 on Friday. The company has a market capitalization of C$1.10 billion, a PE ratio of 7.34, a PEG ratio of 0.80 and a beta of 1.21. The company has a debt-to-equity ratio of 6.33, a quick ratio of 2.36 and a current ratio of 0.60. The company’s 50 day moving average price is C$24.69 and its 200 day moving average price is C$23.20. Alaris Equity Partners Income Trust has a 52 week low of C$17.92 and a 52 week high of C$26.31.

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. The company had revenue of C$37.37 million during the quarter. Alaris Equity Partners Income Trust (AD.UN) had a net margin of 97.33% and a return on equity of 22.20%. Research analysts expect that Alaris Equity Partners Income Trust will post 1.9300847 EPS for the current fiscal year.

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

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.