Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Price Target Raised to C$32.00

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

AD.UN has been the subject of a number of other reports. Raymond James Financial increased their target price 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 note on Friday, May 8th. Desjardins lifted their price target 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 note on Friday, May 8th. National Bank Financial upped their price target on shares of Alaris Equity Partners Income Trust (AD.UN) from C$28.00 to C$30.00 and gave the company an “outperform” rating in a report on Friday, July 17th. Finally, Acumen Capital increased their price objective 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 research report on Monday, April 6th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, 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 Performance

AD.UN stock opened at C$24.79 on Wednesday. Alaris Equity Partners Income Trust has a 1-year low of C$17.80 and a 1-year high of C$25.48. The company has a current ratio of 0.60, a quick ratio of 2.36 and a debt-to-equity ratio of 6.33. The firm has a market cap of C$1.13 billion, a PE ratio of 12.03, a P/E/G ratio of 0.80 and a beta of 1.21. The business’s 50-day moving average price is C$24.02 and its two-hundred day moving average price is C$22.57.

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) last announced its quarterly earnings results on Wednesday, May 6th. The company reported C$0.81 earnings per share (EPS) 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%.The company had revenue of C$37.37 million during the quarter. As a group, research analysts forecast that Alaris Equity Partners Income Trust will post 1.9300847 earnings per share for the current 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.