Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Analysts rate Alaris Equity Partners Income Trust “Moderate Buy”: Six of seven covering firms recommend buying the stock, while one rates it a hold. The average one-year price target is C$27.53.
• Several brokerages recently raised their price targets, with targets ranging from C$27.25 to C$32.00; ATB Cormark set the highest target and maintained an “outperform” rating.
• The shares opened at C$24.09, compared with a one-year range of C$17.92 to C$26.31. In its latest quarter, Alaris reported C$0.81 in earnings per share and C$37.37 million in revenue.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN - Get Free Report) has received a consensus rating of "Moderate Buy" from the seven research firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$27.53.

A number of research firms recently commented on AD.UN. Raymond James Financial raised their price objective on shares of Alaris Equity Partners Income Trust (AD.UN) from C$27.00 to C$27.25 and gave the stock an "outperform" rating in a research note on Friday, May 8th. Desjardins boosted their target price on shares of Alaris Equity Partners Income Trust (AD.UN) from C$27.00 to C$27.50 and gave the company a "buy" rating in a research note on Friday, August 7th. Canaccord Genuity Group increased their target price on Alaris Equity Partners Income Trust (AD.UN) from C$27.50 to C$30.00 in a report on Monday, August 10th. National Bank Financial raised their target price on Alaris Equity Partners Income Trust (AD.UN) from C$28.00 to C$30.00 and gave the stock an "outperform" rating in a research report on Friday, July 17th. Finally, ATB Cormark Capital Markets lifted 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 report on Wednesday, July 22nd.

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

Shares of AD.UN opened at C$24.09 on Friday. Alaris Equity Partners Income Trust has a one year low of C$17.92 and a one year high of C$26.31. The company has a 50-day moving average of C$24.69 and a two-hundred day moving average of C$23.20. The stock has a market cap of C$1.10 billion, a price-to-earnings ratio of 7.34, a PEG ratio of 0.80 and a beta of 1.21. The company has a debt-to-equity ratio of 6.33, a current ratio of 0.60 and a quick ratio of 2.36.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN - Get Free Report) last released its earnings results on Wednesday, May 6th. The company reported C$0.81 earnings per share for the quarter. Alaris Equity Partners Income Trust (AD.UN) had a net margin of 97.33% and a return on equity of 22.20%. The business had revenue of C$37.37 million for the quarter. On average, equities research analysts expect that Alaris Equity Partners Income Trust will post 1.9300847 earnings per share for the current year.

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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