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

Key Points

• Desjardins raised its price target on Alaris Equity Partners Income Trust (AD.UN) to C$27.00 from C$26.50 and kept a buy rating, implying about 8.26% upside from the prior close.
• Other analysts have also turned more positive, with multiple firms increasing targets and assigning Buy/Outperform ratings; the current consensus is a Moderate Buy with an average target of C$27.11.
• The stock was down 1.1% on Wednesday to C$24.94, but it remains near its 52-week high, and the company recently reported C$0.81 EPS for the quarter on C$37.37 million in revenue.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN - Get Free Report) had its price objective lifted by stock analysts at Desjardins from C$26.50 to C$27.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. Desjardins' price objective suggests a potential upside of 8.26% from the company's previous close.

AD.UN has been the subject of several other reports. 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 stock an "outperform" rating in a research note on Wednesday. National Bank Financial increased their target price 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. Raymond James Financial raised their target price 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 report on Friday, May 8th. Finally, Acumen Capital upped their price target on shares of 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. Six 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, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$27.11.

Alaris Equity Partners Income Trust (AD.UN) Trading Down 1.1%

TSE AD.UN traded down C$0.27 during trading hours on Wednesday, hitting C$24.94. 60,373 shares of the company were exchanged, compared to its average volume of 77,786. Alaris Equity Partners Income Trust has a 52 week low of C$17.80 and a 52 week high of C$25.48. The company has a quick ratio of 2.36, a current ratio of 0.60 and a debt-to-equity ratio of 6.33. The stock has a 50-day moving average price of C$23.90 and a 200 day moving average price of C$22.49. The stock has a market cap of C$1.14 billion, a PE ratio of 12.11, a price-to-earnings-growth ratio of 0.80 and a beta of 1.21.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN - Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported C$0.81 earnings per share (EPS) for the quarter. The business had revenue of C$37.37 million during the quarter. Alaris Equity Partners Income Trust (AD.UN) had a return on equity of 22.20% and a net margin of 97.33%. Analysts forecast that Alaris Equity Partners Income Trust will post 1.9300847 earnings per share for the current fiscal year.

Alaris Equity Partners Income Trust (AD.UN) Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.