Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Stock Price Expected to Rise, National Bank Financial Analyst Says

Key Points

• National Bank Financial raised Alaris Equity Partners’ price target to C$31.50 from C$30.50 and maintained an “outperform” rating, implying 34.9% upside from the previous close.
• Analyst sentiment is broadly positive: eight analysts rate the stock Buy and one rates it Hold, producing a “Moderate Buy” consensus and an average price target of C$27.72.
• Alaris shares opened at C$23.35, with a market capitalization of approximately C$1.07 billion; the stock has traded between C$17.92 and C$26.31 over the past year.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN - Get Free Report) had its price target hoisted by research analysts at National Bank Financial from C$30.50 to C$31.50 in a research note issued to investors on Wednesday, BayStreet reports. The firm currently has an "outperform" rating on the stock. National Bank Financial's price target would suggest a potential upside of 34.90% from the stock's previous close.

Several other analysts have also recently weighed in on the stock. Canaccord Genuity Group lifted their price objective on shares of Alaris Equity Partners Income Trust (AD.UN) from C$27.50 to C$30.00 in a research note on Monday, August 10th. ATB Cormark Capital Markets boosted their price target on 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. Finally, Desjardins lifted their price objective on Alaris Equity Partners Income Trust (AD.UN) from C$27.00 to C$27.50 and gave the company a "buy" rating in a report on Friday, August 7th. Eight 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, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$27.72.

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

Shares of TSE AD.UN opened at C$23.35 on Wednesday. The company has a debt-to-equity ratio of 6.33, a current ratio of 0.60 and a quick ratio of 2.36. The firm has a market cap of C$1.07 billion, a price-to-earnings ratio of 7.12, a P/E/G ratio of 0.80 and a beta of 1.14. The stock's fifty day moving average price is C$24.36 and its two-hundred day moving average price is C$23.38. Alaris Equity Partners Income Trust has a one year low of C$17.92 and a one year high of C$26.31.

Alaris Equity Partners Income Trust (AD.UN) Company Profile

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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