Alaris Royalty (TSE:AD) Rating Reiterated by Raymond James

Alaris Royalty (TSE:AD)‘s stock had its “market perform” rating reaffirmed by equities research analysts at Raymond James in a research report issued on Friday, BayStreet.CA reports. They currently have a C$19.50 target price on the stock. Raymond James’ target price would suggest a potential downside of 1.47% from the company’s previous close. Raymond James also issued estimates for Alaris Royalty’s FY2019 earnings at $1.88 EPS.

A number of other brokerages also recently commented on AD. National Bank Financial decreased their target price on Roots from C$5.50 to C$5.00 and set an “outperform” rating for the company in a report on Thursday, June 13th. Cormark decreased their target price on Canopy Growth from C$70.00 to C$65.00 in a report on Monday, June 24th. CIBC upped their target price on Parkland Fuel from C$48.00 to C$49.50 in a report on Friday. Desjardins upped their target price on Alaris Royalty from C$22.00 to C$22.50 in a report on Thursday, June 13th. Finally, Royal Bank of Canada downgraded Zayo Group from an “outperform” rating to a “sector perform” rating and upped their target price for the company from $33.00 to $35.00 in a report on Wednesday, May 8th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Alaris Royalty has a consensus rating of “Buy” and a consensus price target of C$21.50.

Shares of Alaris Royalty stock opened at C$19.79 on Friday. The company has a debt-to-equity ratio of 36.91, a quick ratio of 1.86 and a current ratio of 3.84. The company has a market capitalization of $722.26 million and a P/E ratio of 9.65. The company’s 50 day simple moving average is C$19.08. Alaris Royalty has a 52 week low of C$15.62 and a 52 week high of C$21.41.

Alaris Royalty (TSE:AD) last announced its earnings results on Monday, May 6th. The company reported C$0.42 EPS for the quarter, beating analysts’ consensus estimates of C$0.41 by C$0.01. The business had revenue of C$27.66 million for the quarter, compared to the consensus estimate of C$27.20 million. On average, equities analysts predict that Alaris Royalty will post 1.71 EPS for the current year.

In related news, Senior Officer Curtis James Krawetz sold 6,000 shares of the company’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of C$18.61, for a total value of C$111,660.00. Following the sale, the insider now directly owns 36,721 shares of the company’s stock, valued at C$683,377.81. Also, Director Gary Patterson sold 3,000 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of C$18.98, for a total value of C$56,940.00. Following the completion of the sale, the director now directly owns 28,337 shares in the company, valued at C$537,836.26. Over the last ninety days, insiders sold 11,500 shares of company stock worth $215,125.

About Alaris Royalty

Alaris Royalty Corp. is a private equity firm specializing in management buyouts, growth capital, lower & middle market, later stage, industry consolidation, growth capital, and mature investments. The firm does not invest in turnarounds and start-ups. It prefers to invest in the companies based in all industries except for those with a declining asset base, such as oil and gas resource companies, or any industry that carry the risk of obsolescence such as high tech and focuses on business services, professional services, information services, healthcare services, distribution & logistics, industrials, consumer products.

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Analyst Recommendations for Alaris Royalty (TSE:AD)

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