Desjardins Boosts Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Price Target to C$26.50

Key Points

• Desjardins raised its target price on Alaris (TSE:AD.UN) to C$26.50 from C$26.00 and maintained a "buy" rating, implying roughly a 15.6% upside from current levels.
• Consensus from analysts is a "Moderate Buy" (four Buys, one Hold) with an average target of C$25.45; AD.UN recently traded at C$22.92 with a market cap of C$1.04B and a PE of 13.1.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN - Get Free Report) had its target price upped by Desjardins from C$26.00 to C$26.50 in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. Desjardins' price target indicates a potential upside of 15.62% from the company's current price.

Other equities research analysts have also issued research reports about the stock. Canadian Imperial Bank of Commerce set a C$25.00 target price on shares of Alaris Equity Partners Income Trust (AD.UN) and gave the company an "outperform" rating in a research note on Monday, March 23rd. Acumen Capital boosted their price objective on Alaris Equity Partners Income Trust (AD.UN) from C$26.00 to C$26.50 and gave the company a "buy" rating in a report on Monday, April 6th. Raymond James Financial upped their price objective on Alaris Equity Partners Income Trust (AD.UN) from C$27.00 to C$27.25 and gave the company an "outperform" rating in a research note on Friday. Finally, Royal Bank Of Canada increased their target price on Alaris Equity Partners Income Trust (AD.UN) from C$21.00 to C$22.00 and gave the stock a "sector perform" rating in a report on Monday, January 26th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Alaris Equity Partners Income Trust (AD.UN) presently has a consensus rating of "Moderate Buy" and an average price target of C$25.45.

Alaris Equity Partners Income Trust (AD.UN) Stock Up 1.4%

TSE AD.UN traded up C$0.32 during trading hours on Friday, reaching C$22.92. 73,845 shares of the company traded hands, compared to its average volume of 79,752. The stock has a market capitalization of C$1.04 billion, a PE ratio of 13.10, a PEG ratio of 0.80 and a beta of 1.24. The company has a current ratio of 0.60, a quick ratio of 2.36 and a debt-to-equity ratio of 6.33. Alaris Equity Partners Income Trust has a 12 month low of C$17.75 and a 12 month high of C$23.02. The company has a 50 day moving average of C$21.59 and a two-hundred day moving average of C$21.01.

About Alaris Equity Partners Income Trust (AD.UN)

Alaris Equity Partners Income Trust is an open-ended trust. The Trust, through its subsidiaries, indirectly provides alternative financing to private companies (Partners) in exchange for distributions with the principal objective of generating stable and predictable cash flows for payment of distributions to unitholders of the Trust. Distributions from the Partners are adjusted each year based on the percentage change of a top-line financial performance measure such as gross margin and same-store sales and rank in priority to the owner's common equity position.

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