ATB Cormark Capital Markets Boosts Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Price Target to C$32.00

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) had its target price lifted by ATB Cormark Capital Markets from C$29.00 to C$32.00 in a report released on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price objective points to a potential upside of 29.24% from the stock’s previous close.

Several other research firms have also recently weighed in on AD.UN. Raymond James Financial increased 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 report on Friday, May 8th. National Bank Financial boosted their target price on shares of Alaris Equity Partners Income Trust (AD.UN) from C$28.00 to C$30.00 and gave the stock an “outperform” rating in a research report on Friday, July 17th. Acumen Capital boosted their target price 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 research report on Monday, April 6th. Finally, Desjardins upped their target price 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 research note on Friday, May 8th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Alaris Equity Partners Income Trust (AD.UN) has a consensus rating of “Moderate Buy” and a consensus target price of C$27.11.

Alaris Equity Partners Income Trust (AD.UN) Trading Down 1.2%

Alaris Equity Partners Income Trust (AD.UN) stock opened at C$24.76 on Wednesday. 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 debt-to-equity ratio of 6.33, a quick ratio of 2.36 and a current ratio of 0.60. The firm has a market capitalization of C$1.13 billion, a PE ratio of 12.02, a PEG ratio of 0.80 and a beta of 1.21. The business’s 50-day simple moving average is C$23.98 and its 200-day simple moving average is C$22.56.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) last announced its earnings results on Wednesday, May 6th. The company reported C$0.81 earnings per share for the quarter. The firm 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%. Equities research analysts forecast that Alaris Equity Partners Income Trust will post 1.9300847 earnings per share for the current 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.