Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Receives C$26.21 Average Price Target from Analysts

Shares of Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) have been assigned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$26.21.

A number of equities research analysts recently weighed in on AD.UN shares. Raymond James Financial boosted their price target on shares of 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 note on Friday, May 8th. Desjardins lifted their target price on shares of 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 Friday, May 8th. Acumen Capital upped their target price 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 research report on Monday, April 6th. National Bank Financial increased their price target on Alaris Equity Partners Income Trust (AD.UN) from C$28.00 to C$30.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Canadian Imperial Bank of Commerce set a C$25.00 price objective on Alaris Equity Partners Income Trust (AD.UN) and gave the company an “outperform” rating in a report on Monday, March 23rd.

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

TSE:AD.UN opened at C$25.13 on Friday. 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 50-day moving average of C$23.82 and a 200-day moving average of C$22.44. Alaris Equity Partners Income Trust has a 52 week low of C$17.80 and a 52 week high of C$25.48. The company has a market capitalization of C$1.14 billion, a price-to-earnings ratio of 12.20, 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 earnings results on Wednesday, May 6th. The company reported C$0.81 earnings per share (EPS) for the quarter. The company 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 anticipate that Alaris Equity Partners Income Trust will post 1.9300847 earnings per share for the current fiscal 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.