Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Price Target Raised to C$27.50 at Desjardins

Key Points

• Desjardins raised Alaris Equity Partners’ price target to C$27.50 from C$27.00 while maintaining a “buy” rating, implying 7.8% potential upside.
• Analyst sentiment remains positive: six analysts rate the stock “Buy” and one rates it “Hold,” resulting in a consensus “Moderate Buy” rating and a C$27.18 average price target.
• AD.UN shares rose 2.8% to C$25.51 in Friday trading, with volume nearly three times its average; the company most recently reported C$0.81 quarterly EPS and C$37.37 million in revenue.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN - Get Free Report) had its price target upped by investment analysts at Desjardins from C$27.00 to C$27.50 in a report released on Friday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Desjardins' price target would indicate a potential upside of 7.80% from the stock's current price.

A number of other research firms also recently commented on AD.UN. National Bank Financial increased their price objective 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. Raymond James Financial boosted their target price on 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 note on Friday, May 8th. Finally, 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 research note on Wednesday, July 22nd. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, Alaris Equity Partners Income Trust (AD.UN) presently has an average rating of "Moderate Buy" and a consensus price target of C$27.18.

Alaris Equity Partners Income Trust (AD.UN) Stock Up 2.8%

Shares of AD.UN stock traded up C$0.69 on Friday, reaching C$25.51. 229,838 shares of the stock were exchanged, compared to its average volume of 78,542. The company has a market capitalization of C$1.16 billion, a price-to-earnings ratio of 12.38, a PEG ratio of 0.80 and a beta of 1.21. The business's 50 day moving average price is C$24.28 and its 200 day moving average price is C$22.81. 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 has a twelve month low of C$17.80 and a twelve month high of C$26.15.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN - Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported C$0.81 earnings per share for the quarter. The company had revenue of C$37.37 million for the quarter. Alaris Equity Partners Income Trust (AD.UN) had a return on equity of 22.20% and a net margin of 97.33%. As a group, sell-side analysts expect 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.

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