Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Stock Gets Price Target Reduction from Raymond James Financial

Key Points

• Raymond James cut its price target on Alaris Equity Partners Income Trust from C$32 to C$29, while maintaining an “outperform” rating; the new target implies 35.9% upside from the cited share price.
• Analyst views remain broadly positive: eight analysts rate the trust a Buy and one a Hold, giving it a “Moderate Buy” consensus and an average target of C$27.19.
• Shares fell C$0.69 to C$21.34 on Thursday, with trading volume of 243,225 shares—above the average volume of 86,928.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN - Get Free Report) had its price target lowered by research analysts at Raymond James Financial from C$32.00 to C$29.00 in a note issued to investors on Thursday, BayStreet reports. The firm presently has an "outperform" rating on the stock. Raymond James Financial's target price would suggest a potential upside of 35.90% from the stock's current price.

A number of other research analysts also recently commented on AD.UN. National Bank Financial dropped their price target on Alaris Equity Partners Income Trust (AD.UN) from C$31.50 to C$30.00 and set an "outperform" rating for the company in a research note on Thursday. Desjardins reduced their price objective on shares of Alaris Equity Partners Income Trust (AD.UN) from C$27.50 to C$27.00 and set a "buy" rating on the stock in a research note on Wednesday. Canaccord Genuity Group raised their target price on shares of Alaris Equity Partners Income Trust (AD.UN) from C$30.00 to C$30.25 and gave the company a "buy" rating in a report on Wednesday, September 30th. ATB Cormark Capital Markets raised their target price 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 report on Wednesday, July 22nd. Finally, Stifel Nicolaus boosted their target price on shares of Alaris Equity Partners Income Trust (AD.UN) from C$26.00 to C$27.00 and gave the company a "buy" rating in a research report on Wednesday, September 30th. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Alaris Equity Partners Income Trust (AD.UN) presently has an average rating of "Moderate Buy" and an average price target of C$27.19.

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

Shares of TSE:AD.UN traded down C$0.69 during trading on Thursday, reaching C$21.34. 243,225 shares of the company traded hands, compared to its average volume of 86,928. The company's 50 day moving average is C$23.50 and its two-hundred day moving average is C$23.13. The firm has a market capitalization of C$1.08 billion, a PE ratio of 6.51, a PEG ratio of 0.80 and a beta of 1.10. The company has a quick ratio of 2.36, a current ratio of 0.60 and a debt-to-equity ratio of 6.33. Alaris Equity Partners Income Trust has a 52 week low of C$18.85 and a 52 week high of C$26.31.

About Alaris Equity Partners Income Trust (AD.UN)

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.

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