Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Alaris Equity Partners has a “Moderate Buy” consensus rating from seven brokerages, with six buys and one hold. The average 12-month price target is C$27.53.
• Several firms recently raised their price targets, including ATB Cormark to C$32.00, Canaccord Genuity to C$30.00, and National Bank Financial to C$30.00, while maintaining positive ratings.
• The stock opened at C$25.58, near its 52-week high of C$26.31. In its latest quarter, Alaris reported C$0.81 in EPS and C$37.37 million in revenue.

Shares of Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$27.53.

Several research firms have recently issued reports on AD.UN. Raymond James Financial upped their price objective on shares of Alaris Equity Partners Income Trust (AD.UN) from C$27.00 to C$27.25 and gave the company an "outperform" rating in a report on Friday, May 8th. Canaccord Genuity Group boosted their target price on shares of Alaris Equity Partners Income Trust (AD.UN) from C$27.50 to C$30.00 in a research report on Monday. ATB Cormark Capital Markets upped 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. National Bank Financial raised their price target on shares of Alaris Equity Partners Income Trust (AD.UN) from C$28.00 to C$30.00 and gave the stock an "outperform" rating in a report on Friday, July 17th. Finally, Desjardins lifted their price objective on shares of 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.

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

TSE:AD.UN opened at C$25.58 on Tuesday. Alaris Equity Partners Income Trust has a 52 week low of C$17.80 and a 52 week high of C$26.31. The firm has a 50 day moving average of C$24.35 and a 200 day moving average of C$22.86. The company has a quick ratio of 2.36, a current ratio of 0.60 and a debt-to-equity ratio of 6.33. The stock has a market capitalization of C$1.17 billion, a price-to-earnings ratio of 12.42, a PEG ratio of 0.80 and a beta of 1.21.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN - Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported C$0.81 earnings per share (EPS) for the quarter. The business 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 anticipate 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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