Stifel Nicolaus Forecasts Strong Price Appreciation for Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Stock

Key Points

• Stifel Nicolaus raised its price target for Alaris Equity Partners Income Trust to C$27.00 from C$26.00 and maintained a “buy” rating, implying 15.63% potential upside from the prior close.
• 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.
• Shares opened at C$23.35, while the stock has traded between C$17.92 and C$26.31 over the past year; Alaris has a market capitalization of approximately C$1.07 billion.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN - Get Free Report) had its price objective lifted by Stifel Nicolaus from C$26.00 to C$27.00 in a research note issued on Wednesday, BayStreet reports. The brokerage presently has a "buy" rating on the stock. Stifel Nicolaus' price target points to a potential upside of 15.63% from the company's previous close.

A number of other equities analysts also recently commented on the company. Canaccord Genuity Group lifted their target price on 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 increased their price target 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 report on Wednesday, July 22nd. Desjardins raised their price target on Alaris Equity Partners Income Trust (AD.UN) from C$27.00 to C$27.50 and gave the stock a "buy" rating in a report on Friday, August 7th. Finally, National Bank Financial boosted 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 research report on Wednesday. Eight analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, Alaris Equity Partners Income Trust (AD.UN) presently 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

Shares of TSE:AD.UN opened at C$23.35 on Wednesday. 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 fifty-two week low of C$17.92 and a fifty-two week high of C$26.31. The firm has a 50-day simple moving average of C$24.36 and a 200 day simple moving average of C$23.38. 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.

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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