Desjardins Raises Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Price Target to C$27.00

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) had its target price lifted by Desjardins from C$26.50 to C$27.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price target points to a potential upside of 9.05% from the company’s previous close.

Other analysts have also recently issued reports about the company. Acumen Capital 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 Monday, April 6th. ATB Cormark Capital Markets raised their target price on shares of Alaris Equity Partners Income Trust (AD.UN) from C$29.00 to C$32.00 and gave the company an “outperform” rating in a research note on Wednesday. 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 company an “outperform” rating in a research note on Friday, May 8th. Finally, National Bank Financial lifted their price target 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. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$27.11.

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

AD.UN stock opened at C$24.76 on Wednesday. The company has a market cap of C$1.13 billion, a P/E ratio of 12.02, a PEG ratio of 0.80 and a beta of 1.21. Alaris Equity Partners Income Trust has a twelve month low of C$17.80 and a twelve month 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 business has a fifty day moving average of C$23.98 and a 200-day moving average of C$22.56.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) last issued its quarterly 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 return on equity of 22.20% and a net margin of 97.33%. As a group, equities research analysts expect that Alaris Equity Partners Income Trust will post 1.9300847 EPS 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.