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 stock analysts at Canaccord Genuity Group from C$27.50 to C$30.00 in a report released on Monday,BayStreet.CA reports. Canaccord Genuity Group’s price target would suggest a potential upside of 17.19% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. Desjardins increased their price objective on Alaris Equity Partners Income Trust (AD.UN) from C$27.00 to C$27.50 and gave the stock a “buy” rating in a research note on Friday. ATB Cormark Capital Markets lifted their target price 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. National Bank Financial upped 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 report on Friday, July 17th. Finally, Raymond James Financial increased 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 report on Friday, May 8th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$27.53.

Alaris Equity Partners Income Trust (AD.UN) Trading Down 0.4%

TSE AD.UN traded down C$0.09 on Monday, hitting C$25.60. 90,822 shares of the stock were exchanged, compared to its average volume of 79,061. Alaris Equity Partners Income Trust has a 52-week low of C$17.80 and a 52-week high of C$26.31. 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 company has a market capitalization of C$1.17 billion, a price-to-earnings ratio of 12.43, a P/E/G ratio of 0.80 and a beta of 1.21. The company’s 50-day moving average price is C$24.31 and its two-hundred day moving average price is C$22.83.

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 return on equity of 22.20% and a net margin of 97.33%. Research analysts predict that Alaris Equity Partners Income Trust will post 1.9300847 EPS for the current 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.