Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Price Target Raised to C$30.00

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) had its price objective raised by National Bank Financial from C$28.00 to C$30.00 in a research report report published on Friday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other analysts have also recently issued reports about the company. 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 company an “outperform” rating in a research report on Friday, May 8th. Desjardins lifted their price target on Alaris Equity Partners Income Trust (AD.UN) from C$26.00 to C$26.50 and gave the stock a “buy” rating in a research report on Friday, May 8th. Canadian Imperial Bank of Commerce set a C$25.00 price objective on Alaris Equity Partners Income Trust (AD.UN) and gave the company an “outperform” rating in a research note on Monday, March 23rd. Finally, Acumen Capital increased their price objective on Alaris Equity Partners Income Trust (AD.UN) from C$26.00 to C$26.50 and gave the company a “buy” rating in a report on Monday, April 6th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Alaris Equity Partners Income Trust (AD.UN) has a consensus rating of “Moderate Buy” and an average price target of C$26.21.

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

Shares of TSE:AD.UN opened at C$25.13 on Friday. The company’s fifty day moving average price is C$23.82 and its 200 day moving average price is C$22.44. Alaris Equity Partners Income Trust has a 12 month low of C$17.80 and a 12 month high of C$25.48. 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 capitalization of C$1.14 billion, a P/E ratio of 12.20, a P/E/G ratio of 0.80 and a beta of 1.21.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) last released its quarterly earnings data 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%. As a group, sell-side analysts predict 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.