Alaris Royalty Corp. (AD) Receives Average Rating of “Buy” from Analysts
Alaris Royalty Corp. (TSE:AD) has received a consensus rating of “Buy” from the eight analysts that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and three 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$23.86.
A number of research firms have recently commented on AD. National Bank Financial upped their price objective on shares of Alaris Royalty Corp. from C$24.00 to C$25.00 and gave the company an “outperform” rating in a research note on Thursday, July 27th. Raymond James Financial, Inc. upped their price objective on shares of Alaris Royalty Corp. from C$22.00 to C$23.00 and gave the company a “market perform” rating in a research note on Tuesday, July 4th. Scotiabank reduced their price objective on shares of Alaris Royalty Corp. from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a research note on Thursday. CIBC reduced their price objective on shares of Alaris Royalty Corp. from C$24.00 to C$20.00 in a research note on Thursday, May 11th. Finally, Desjardins lowered shares of Alaris Royalty Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, May 9th.
Shares of Alaris Royalty Corp. (TSE AD) traded down 0.05% during trading on Friday, hitting $20.57. 148,543 shares of the stock were exchanged. The stock has a market cap of $749.65 million and a P/E ratio of 12.39. The firm’s 50 day moving average price is $21.75 and its 200-day moving average price is $21.81. Alaris Royalty Corp. has a 52 week low of $17.80 and a 52 week high of $24.55.
The business also recently announced a monthly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 31st will be paid a dividend of $0.135 per share. This represents a $1.62 annualized dividend and a yield of 7.88%. The ex-dividend date of this dividend is Thursday, July 27th.
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In other Alaris Royalty Corp. news, insider Darren John Driscoll acquired 1,800 shares of the company’s stock in a transaction on Thursday, May 25th. The shares were purchased at an average cost of C$20.20 per share, with a total value of C$36,360.00. Also, Director Mary C. Ritchie sold 5,000 shares of the firm’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of C$20.18, for a total transaction of C$100,900.00. Over the last three months, insiders have purchased 7,800 shares of company stock worth $173,700.
Alaris Royalty Corp. Company Profile
Alaris Royalty Corp. is a Canada-based company providing capital to private businesses (individually, a Private Company Partner and collectively the Partners). The Company’s operations consist of investments in private operating entities in the form of preferred limited partnership interests, preferred interest in limited liability corporations in the United States, or long-term license and royalty arrangements.
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