Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Receives C$26.21 Consensus Price Target from Analysts

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) has been given an average recommendation of “Moderate Buy” by the six ratings firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$26.21.

Several equities analysts recently weighed in on AD.UN shares. Acumen Capital increased their price objective 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. Raymond James Financial lifted 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. National Bank Financial upped 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 report on Friday, July 17th. Finally, Desjardins increased their price target 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 research note on Friday, May 8th.

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

Shares of TSE:AD.UN opened at C$25.21 on Friday. 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 1-year low of C$17.80 and a 1-year high of C$25.48. The stock has a market capitalization of C$1.15 billion, a P/E ratio of 12.24, a P/E/G ratio of 0.80 and a beta of 1.21. The business has a 50-day moving average price of C$23.90 and a two-hundred day moving average price of C$22.49.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) last issued its earnings results on Wednesday, May 6th. The company reported C$0.81 earnings per share (EPS) 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%. The company had revenue of C$37.37 million for the quarter. Equities analysts predict that Alaris Equity Partners Income Trust will post 1.9300847 earnings per share for the current year.

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.