Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Given New C$27.00 Price Target at Desjardins

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) had its price target upped by Desjardins from C$26.50 to C$27.00 in a research note issued to investors on Wednesday morning,BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

Several other equities analysts have also recently issued reports on the company. Acumen Capital boosted their target price 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 report on Monday, April 6th. ATB Cormark Capital Markets raised their price target on Alaris Equity Partners Income Trust (AD.UN) from C$29.00 to C$32.00 and gave the company an “outperform” rating in a report on Wednesday. Raymond James Financial lifted their price target 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 note on Friday, May 8th. Finally, National Bank Financial upped their price objective on Alaris Equity Partners Income Trust (AD.UN) from C$28.00 to C$30.00 and gave the stock an “outperform” rating in a report on Friday, July 17th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$27.11.

Alaris Equity Partners Income Trust (AD.UN) Stock Down 0.6%

Shares of TSE:AD.UN opened at C$25.05 on Wednesday. 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. 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 firm’s 50-day simple moving average is C$23.94 and its 200-day simple moving average is C$22.53. The company has a market cap of C$1.14 billion, a price-to-earnings ratio of 12.16, a PEG ratio of 0.80 and a beta of 1.21.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) last posted its quarterly earnings results on Wednesday, May 6th. The company reported C$0.81 earnings per share (EPS) for the quarter. The firm had revenue of C$37.37 million during 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 predict 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.