Raymond James Financial Has Lowered Expectations 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 cut by equities research analysts at Raymond James Financial from C$32.00 to C$29.00 in a report issued on Thursday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial‘s target price suggests a potential upside of 34.63% from the company’s previous close.

AD.UN has been the subject of several other reports. Stifel Nicolaus lifted their target price on shares of Alaris Equity Partners Income Trust (AD.UN) from C$26.00 to C$27.00 and gave the stock a “buy” rating in a report on Wednesday, September 30th. ATB Cormark Capital Markets increased their price target on shares of Alaris Equity Partners Income Trust (AD.UN) from C$29.00 to C$32.00 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. Canaccord Genuity Group raised their price target on shares of Alaris Equity Partners Income Trust (AD.UN) from C$30.00 to C$30.25 and gave the company a “buy” rating in a research report on Wednesday, September 30th. National Bank Financial decreased their price objective on shares of 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. Finally, Desjardins lowered their price objective on Alaris Equity Partners Income Trust (AD.UN) from C$27.50 to C$27.00 and set a “buy” rating on the stock in a research report on Wednesday. Eight 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$27.19.

Alaris Equity Partners Income Trust (AD.UN) Stock Up 1.2%

Shares of AD.UN traded up C$0.26 during mid-day trading on Thursday, reaching C$21.54. The company had a trading volume of 223,394 shares, compared to its average volume of 87,815. 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 firm has a 50-day moving average price of C$23.39 and a 200 day moving average price of C$23.13. Alaris Equity Partners Income Trust has a 52 week low of C$18.85 and a 52 week high of C$26.31. The company has a market capitalization of C$1.09 billion, a price-to-earnings ratio of 6.57, a price-to-earnings-growth ratio of 0.80 and a beta of 0.98.

About Alaris Equity Partners Income Trust (AD.UN)

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.