Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Alaris Equity Partners Income Trust has a “Moderate Buy” consensus rating from seven analysts: six recommend buying the stock and one recommends holding it.
• Analysts’ average 12-month price target is C$27.53, with several firms recently raising their targets to between C$27.50 and C$32.00.
• The stock opened at C$23.35, with a market capitalization of approximately C$1.07 billion and a 52-week trading range of C$17.92 to C$26.31.

Shares of Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the seven brokerages that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$27.53.

Several equities analysts recently weighed in on the stock. Canaccord Genuity Group raised their target price 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. National Bank Financial increased their price target on shares of Alaris Equity Partners Income Trust (AD.UN) from C$28.00 to C$30.00 and gave the company an "outperform" rating in a research note on Friday, July 17th. Desjardins increased their price target 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. Finally, ATB Cormark Capital Markets lifted their price objective on shares of 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 report on Wednesday, July 22nd.

Alaris Equity Partners Income Trust (AD.UN) Stock Down 0.3%

TSE:AD.UN opened at C$23.35 on Wednesday. The firm has a market capitalization of C$1.07 billion, a price-to-earnings ratio of 7.12, a price-to-earnings-growth ratio of 0.80 and a beta of 1.14. Alaris Equity Partners Income Trust has a twelve month low of C$17.92 and a twelve month high of C$26.31. The stock's 50 day moving average price is C$24.36 and its two-hundred day moving average price is C$23.38. The company has a quick ratio of 2.36, a current ratio of 0.60 and a debt-to-equity ratio of 6.33.

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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