Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Given a C$25.00 Price Target at Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce set a C$25.00 price objective on Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) in a report issued on Monday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Separately, Royal Bank Of Canada upped their price target on shares of Alaris Equity Partners Income Trust (AD.UN) from C$21.00 to C$22.00 and gave the company a “sector perform” rating in a research note on Monday, January 26th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Alaris Equity Partners Income Trust (AD.UN) has a consensus rating of “Moderate Buy” and an average price target of C$24.50.

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

Shares of Alaris Equity Partners Income Trust (AD.UN) stock opened at C$20.39 on Monday. The company has a 50 day moving average price of C$21.69 and a 200 day moving average price of C$20.35. The firm has a market capitalization of C$924.46 million, a P/E ratio of 11.65, a PEG ratio of 0.80 and a beta of 1.23. 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$16.58 and a 52 week high of C$22.79.

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.