Desjardins Issues Positive Forecast for Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Stock Price

Key Points

• Desjardins raised its price target for Alaris Equity Partners Income Trust to C$28.00 from C$27.50 and maintained a “buy” rating, implying approximately 19.9% upside.
• Analyst sentiment is broadly positive: eight analysts rate the stock a Buy and one a Hold, resulting in a “Moderate Buy” consensus and an average target price of C$27.72.
• AD.UN opened at C$23.35, with a market capitalization of about C$1.07 billion and a 52-week trading range of C$17.92 to C$26.31.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN - Get Free Report) had its target price hoisted by analysts at Desjardins from C$27.50 to C$28.00 in a research note issued to investors on Wednesday, BayStreet reports. The brokerage currently has a "buy" rating on the stock. Desjardins' target price would suggest a potential upside of 19.91% from the company's current price.

A number of other brokerages have also recently weighed in on AD.UN. ATB Cormark Capital Markets upped their price objective on Alaris Equity Partners Income Trust (AD.UN) from C$29.00 to C$32.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 22nd. Canaccord Genuity Group increased 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, August 10th. National Bank Financial increased their price objective on Alaris Equity Partners Income Trust (AD.UN) from C$30.50 to C$31.50 and gave the company an "outperform" rating in a report on Wednesday. Finally, Stifel Nicolaus boosted 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. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Alaris Equity Partners Income Trust (AD.UN) has an average rating of "Moderate Buy" and an average target price of C$27.72.

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

TSE AD.UN opened at C$23.35 on Wednesday. The company has a market cap of C$1.07 billion, a PE ratio of 7.12, a P/E/G ratio of 0.80 and a beta of 1.14. The firm's 50 day moving average price is C$24.36 and its 200-day moving average price is C$23.38. 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 has a 52-week low of C$17.92 and a 52-week 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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