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

Key Points

• Canaccord Genuity raised Alaris Equity Partners’ price target to C$30.00 from C$27.50, implying approximately 17.19% upside from the current price.
• Analyst sentiment remains positive: six analysts rate the trust a Buy and one rates it Hold, resulting in a consensus “Moderate Buy” rating and an average target of C$27.53.
• AD.UN traded at C$25.60, near its 52-week high of C$26.31. The trust reported quarterly EPS of C$0.81 on revenue of C$37.37 million, with a 22.20% return on equity.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN - Get Free Report) had its target price raised by research analysts at Canaccord Genuity Group from C$27.50 to C$30.00 in a research note issued on Monday,BayStreet.CA reports. Canaccord Genuity Group's price target would indicate a potential upside of 17.19% from the stock's current price.

A number of other research analysts have also commented on the stock. ATB Cormark Capital Markets raised their price objective 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. Desjardins upped their target price 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 report on Friday. National Bank Financial lifted their price target 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 research report on Friday, July 17th. Finally, Raymond James Financial boosted their price objective 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. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Alaris Equity Partners Income Trust (AD.UN) currently has a consensus rating of "Moderate Buy" and a consensus target price of C$27.53.

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

AD.UN stock traded down C$0.09 during trading on Monday, hitting C$25.60. The company had a trading volume of 90,822 shares, compared to its average volume of 79,061. The firm 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 business has a 50 day moving average of C$24.31 and a 200 day moving average of C$22.83. Alaris Equity Partners Income Trust has a fifty-two week low of C$17.80 and a fifty-two week high of C$26.31. 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) (TSE:AD.UN - Get Free Report) last released its earnings results on Wednesday, May 6th. The company reported C$0.81 EPS for the quarter. Alaris Equity Partners Income Trust (AD.UN) had a net margin of 97.33% and a return on equity of 22.20%. The firm had revenue of C$37.37 million for the quarter. As a group, research analysts predict that Alaris Equity Partners Income Trust will post 1.9300847 earnings per share 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.

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