ATB Cormark Capital Markets Has Lowered Expectations for Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Stock Price

Key Points

• ATB Cormark cut its price target on Alaris Equity Partners Income Trust from C$28.50 to C$28.00, while maintaining an “outperform” rating; the revised target implies 31.21% upside from the prior close.
• Analyst views remain broadly positive: eight analysts rate the units Buy and one rates them Hold, for a “Moderate Buy” consensus and an average target of C$27.19. Other firms also lowered targets, while Canaccord and Stifel raised theirs.
• The units fell 3.1% to C$21.34 on Thursday, with trading volume above its average.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN - Get Free Report) had its price objective reduced by equities research analysts at ATB Cormark Capital Markets from C$28.50 to C$28.00 in a report issued on Thursday, BayStreet reports. The firm presently has an "outperform" rating on the stock. ATB Cormark Capital Markets's price target would suggest a potential upside of 31.21% from the company's previous close.

Several other equities research analysts also recently weighed in on AD.UN. Raymond James Financial reduced their price target on Alaris Equity Partners Income Trust (AD.UN) from C$32.00 to C$29.00 and set an "outperform" rating on the stock in a report on Thursday. National Bank Financial dropped their price objective 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 report on Thursday. Canaccord Genuity Group upped their price objective on Alaris Equity Partners Income Trust (AD.UN) from C$30.00 to C$30.25 and gave the company a "buy" rating in a research report on Wednesday, September 30th. Stifel Nicolaus increased their target price on Alaris Equity Partners Income Trust (AD.UN) from C$26.00 to C$27.00 and gave the stock a "buy" rating in a research note on Wednesday, September 30th. Finally, Desjardins decreased their target price on Alaris Equity Partners Income Trust (AD.UN) from C$27.50 to C$27.00 and set a "buy" rating for the company in a research report on Wednesday. Eight 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.com, the company currently has an average rating of "Moderate Buy" and an average target price of C$27.19.

Alaris Equity Partners Income Trust (AD.UN) Trading Down 3.1%

TSE AD.UN traded down C$0.69 during trading on Thursday, hitting C$21.34. The stock had a trading volume of 243,225 shares, compared to its average volume of 86,928. Alaris Equity Partners Income Trust has a one year low of C$18.85 and a one year high of C$26.31. The stock has a 50 day simple moving average of C$23.50 and a 200 day simple moving average of C$23.13. The stock has a market capitalization of C$1.08 billion, a price-to-earnings ratio of 6.51, a P/E/G ratio of 0.80 and a beta of 1.10. The company has a debt-to-equity ratio of 6.33, a quick ratio of 2.36 and a current ratio of 0.60.

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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