Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Stock Price Expected to Rise, National Bank Financial Analyst Says

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) had its price objective boosted by research analysts at National Bank Financial from C$28.00 to C$30.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price objective would indicate a potential upside of 19.38% from the company’s previous close.

Several other analysts also recently issued reports on AD.UN. Canadian Imperial Bank of Commerce set a C$25.00 target price on Alaris Equity Partners Income Trust (AD.UN) and gave the company an “outperform” rating in a research note on Monday, March 23rd. Raymond James Financial boosted their price target on 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. Acumen Capital upped their price target 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 research note on Monday, April 6th. Finally, Desjardins 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 Friday, May 8th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$26.21.

Alaris Equity Partners Income Trust (AD.UN) Trading Down 1.3%

Shares of Alaris Equity Partners Income Trust (AD.UN) stock opened at C$25.13 on Friday. The company has a market capitalization of C$1.14 billion, a P/E ratio of 12.20, a P/E/G ratio of 0.80 and a beta of 1.21. 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 fifty day moving average of C$23.82 and a 200 day moving average of C$22.42. Alaris Equity Partners Income Trust has a fifty-two week low of C$17.80 and a fifty-two week high of C$25.48.

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 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%. On average, sell-side analysts anticipate that Alaris Equity Partners Income Trust will post 1.9300847 earnings per share for the current fiscal 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.