Desjardins Issues Pessimistic Forecast 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 target lowered by equities researchers at Desjardins from C$27.50 to C$27.00 in a research note issued on Wednesday, BayStreet reports. The brokerage currently has a “buy” rating on the stock. Desjardins‘s price target points to a potential upside of 21.84% from the company’s previous close.

Several other research analysts also recently commented on AD.UN. Stifel Nicolaus lifted their target price on Alaris Equity Partners Income Trust (AD.UN) from C$26.00 to C$27.00 and gave the stock a “buy” rating in a research note on Wednesday, September 30th. Canaccord Genuity Group increased their price target on 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 note on Wednesday, September 30th. ATB Cormark Capital Markets raised their price target 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 report on Wednesday, July 22nd. Finally, National Bank Financial lifted their price objective on shares of Alaris Equity Partners Income Trust (AD.UN) from C$30.50 to C$31.50 and gave the stock an “outperform” rating in a research report on Wednesday, September 30th. 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$27.61.

Alaris Equity Partners Income Trust (AD.UN) Stock Down 4.4%

Shares of TSE:AD.UN traded down C$1.01 during trading on Wednesday, hitting C$22.16. 321,945 shares of the company were exchanged, compared to its average volume of 85,721. The stock has a market cap of C$1.13 billion, a price-to-earnings ratio of 6.76, a P/E/G ratio of 0.80 and a beta of 1.10. Alaris Equity Partners Income Trust has a fifty-two week low of C$18.85 and a fifty-two week high of C$26.31. The firm has a fifty day moving average price of C$23.55 and a two-hundred day moving average price of C$23.13. The company has a current ratio of 0.60, a quick ratio of 2.36 and a debt-to-equity ratio of 6.33.

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.