Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Stock Gets Price Target Cut from Desjardins

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) had its target price decreased by equities research analysts at Desjardins from C$27.50 to C$27.00 in a research report issued on Wednesday, BayStreet reports. The brokerage currently has a “buy” rating on the stock. Desjardins‘s price target would indicate a potential upside of 21.84% from the company’s current price.

Several other equities research analysts also recently commented on AD.UN. Canaccord Genuity Group upped their target price on shares of Alaris Equity Partners Income Trust (AD.UN) from C$30.00 to C$30.25 and gave the company a “buy” rating in a research note on Wednesday, September 30th. ATB Cormark Capital Markets boosted their price target on shares of Alaris Equity Partners Income Trust (AD.UN) from C$29.00 to C$32.00 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. National Bank Financial upped their price objective on shares of Alaris Equity Partners Income Trust (AD.UN) from C$30.50 to C$31.50 and gave the company an “outperform” rating in a research report on Wednesday, September 30th. Finally, Stifel Nicolaus raised their price objective on Alaris Equity Partners Income Trust (AD.UN) from C$26.00 to C$27.00 and gave the stock a “buy” rating in a research note on Wednesday, September 30th. Eight analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Alaris Equity Partners Income Trust (AD.UN) has a consensus rating of “Moderate Buy” and a consensus price target of C$27.61.

Alaris Equity Partners Income Trust (AD.UN) Trading Down 4.4%

Shares of TSE:AD.UN traded down C$1.01 during mid-day trading on Wednesday, reaching C$22.16. The stock had a trading volume of 321,945 shares, compared to its average volume of 85,721. The firm has a market cap of C$1.13 billion, a PE ratio of 6.76, a price-to-earnings-growth ratio of 0.80 and a beta of 1.10. The firm has a 50 day simple moving average of C$23.55 and a two-hundred day simple moving average of C$23.13. The company has a current ratio of 0.60, a quick ratio of 2.36 and a debt-to-equity ratio of 6.33. Alaris Equity Partners Income Trust has a twelve month low of C$18.85 and a twelve month high of C$26.31.

About Alaris Equity Partners Income Trust (AD.UN)

Alaris’ investment and investing activity refers to providing, through the Acquisition Entities, structured equity to private companies (‘ Partners ‘) to meet their business and capital objectives, which includes management buyouts, dividend recapitalization, growth and acquisitions. Alaris achieves this by investing its unitholder capital, as well as debt, through the Acquisition Entities, in exchange for distributions, dividends or interest (collectively, ‘ Distributions ‘) as well as capital appreciation on both preferred and common equity.