National Bank Financial Issues Positive Forecast for Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Stock Price

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) had its target price boosted by National Bank Financial from C$28.00 to C$30.00 in a research report sent to investors on Friday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Other analysts also recently issued research reports about the company. Canadian Imperial Bank of Commerce set a C$25.00 price objective on Alaris Equity Partners Income Trust (AD.UN) and gave the stock an “outperform” rating in a research note on Monday, March 23rd. Desjardins boosted their price objective on Alaris Equity Partners Income Trust (AD.UN) from C$26.00 to C$26.50 and gave the stock a “buy” rating in a report on Friday, May 8th. 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 stock a “buy” rating in a report on Monday, April 6th. Finally, Raymond James Financial increased 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. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$26.21.

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

AD.UN opened at C$25.13 on Friday. The company has a debt-to-equity ratio of 6.33, a quick ratio of 2.36 and a current ratio of 0.60. The company has a market cap of C$1.14 billion, a PE ratio of 12.20, a price-to-earnings-growth ratio of 0.80 and a beta of 1.21. The stock has a 50-day moving average of C$23.82 and a 200-day moving average of C$22.42. Alaris Equity Partners Income Trust has a 52-week low of C$17.80 and a 52-week high of C$25.48.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) last posted its earnings results 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 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%. As a group, equities research 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.