Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Price Target Raised to C$27.25 at Raymond James Financial

Key Points

• Raymond James raised its price target on Alaris Equity Partners Income Trust to C$27.25 (from C$27.00) and kept an "outperform" rating, implying about an 18.89% upside from the prior close.
• Analyst consensus is a "Moderate Buy" (four Buys, one Hold) with a consensus target of C$25.45, while recent broker targets include RBC C$22.00, Acumen C$26.50 and CIBC C$25.00.
• Shares traded at C$22.92 midday, the company has a market cap of C$1.04 billion and a P/E of 13.10, with a 52‑week range of C$17.75–C$23.02.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN - Get Free Report) had its price objective upped by Raymond James Financial from C$27.00 to C$27.25 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. Raymond James Financial's target price would suggest a potential upside of 18.89% from the stock's previous close.

Other analysts have also recently issued reports about the stock. Royal Bank Of Canada increased their price objective on shares of Alaris Equity Partners Income Trust (AD.UN) from C$21.00 to C$22.00 and gave the stock a "sector perform" rating in a research note on Monday, January 26th. Acumen Capital increased 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 note on Monday, April 6th. Finally, Canadian Imperial Bank of Commerce set a C$25.00 price target on Alaris Equity Partners Income Trust (AD.UN) and gave the company an "outperform" rating in a report on Monday, March 23rd. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$25.45.

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

AD.UN traded up C$0.32 during midday trading on Friday, reaching C$22.92. The company had a trading volume of 73,845 shares, compared to its average volume of 79,752. The business has a 50-day moving average of C$21.59 and a two-hundred day moving average of C$21.01. The company has a market cap of C$1.04 billion, a P/E ratio of 13.10, a P/E/G ratio of 0.80 and a beta of 1.24. Alaris Equity Partners Income Trust has a 1 year low of C$17.75 and a 1 year high of C$23.02. The company has a quick ratio of 2.36, a current ratio of 0.60 and a debt-to-equity ratio of 6.33.

About Alaris Equity Partners Income Trust (AD.UN)

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.

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