Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Stock Price Target Cut by National Bank Financial

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) had its target price decreased by National Bank Financial from C$31.50 to C$30.00 in a research report issued on Thursday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial‘s price objective would indicate a potential upside of 39.28% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the company. Canaccord Genuity Group increased their price target on 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. Desjardins reduced their target price on Alaris Equity Partners Income Trust (AD.UN) from C$27.50 to C$27.00 and set a “buy” rating on the stock in a report on Wednesday. ATB Cormark Capital Markets increased their target price 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 research report on Wednesday, July 22nd. Finally, Stifel Nicolaus raised their price target on shares of Alaris Equity Partners Income Trust (AD.UN) from C$26.00 to C$27.00 and gave the stock a “buy” rating in a report on Wednesday, September 30th. Eight research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$27.19.

Alaris Equity Partners Income Trust (AD.UN) Trading Up 1.2%

Shares of TSE:AD.UN traded up C$0.26 during mid-day trading on Thursday, reaching C$21.54. 223,394 shares of the company’s stock were exchanged, compared to its average volume of 87,815. The company has a debt-to-equity ratio of 6.33, a quick ratio of 2.36 and a current ratio of 0.60. Alaris Equity Partners Income Trust has a twelve month low of C$18.85 and a twelve month high of C$26.31. The firm has a market capitalization of C$1.09 billion, a price-to-earnings ratio of 6.57, a PEG ratio of 0.80 and a beta of 0.98. The business’s fifty day moving average price is C$23.39 and its 200-day moving average price is C$23.13.

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.