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

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) had its price target hoisted by ATB Cormark Capital Markets from C$29.00 to C$32.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other equities research analysts also recently weighed in on AD.UN. 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 report on Monday, April 6th. Desjardins lifted their price objective 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. Raymond James Financial boosted their price objective 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 research report on Friday, May 8th. Finally, 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 stock an “outperform” rating in a research note on Friday, July 17th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Alaris Equity Partners Income Trust (AD.UN) has an average rating of “Moderate Buy” and a consensus target price of C$27.11.

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

TSE:AD.UN opened at C$25.05 on Wednesday. The company has a fifty day simple moving average of C$23.94 and a two-hundred day simple moving average of C$22.53. The company has a market cap of C$1.14 billion, a price-to-earnings ratio of 12.16, a price-to-earnings-growth ratio of 0.80 and a beta of 1.21. The company has a quick ratio of 2.36, a current ratio of 0.60 and a debt-to-equity ratio of 6.33. Alaris Equity Partners Income Trust has a 52 week low of C$17.80 and a 52 week high of C$25.48.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) last announced its quarterly earnings data 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 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.