Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) Stock Gets Price Target Reduction from Raymond James Financial

Alaris Equity Partners Income Trust (AD.UN) (TSE:AD.UN) had its price target reduced by analysts at Raymond James Financial from C$32.00 to C$29.00 in a note issued to investors on Thursday, BayStreet reports. The firm currently has an “outperform” rating on the stock. Raymond James Financial‘s target price would suggest a potential upside of 35.90% from the company’s current price.

A number of other equities analysts have also recently issued reports on AD.UN. Canaccord Genuity Group upped their price objective on shares of Alaris Equity Partners Income Trust (AD.UN) from C$30.00 to C$30.25 and gave the stock a “buy” rating in a research report on Wednesday, September 30th. Desjardins cut their target price on shares of 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 research report on Wednesday. ATB Cormark Capital Markets boosted their target price on shares of Alaris Equity Partners Income Trust (AD.UN) from C$29.00 to C$32.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. Stifel Nicolaus boosted their target price 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 research note on Wednesday, September 30th. Finally, National Bank Financial lowered their price target on shares of Alaris Equity Partners Income Trust (AD.UN) from C$31.50 to C$30.00 and set an “outperform” rating for the company in a report on Thursday. Eight investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$27.19.

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

Shares of AD.UN traded down C$0.69 during mid-day trading on Thursday, reaching C$21.34. The company had a trading volume of 243,225 shares, compared to its average volume of 86,928. The company’s 50 day simple moving average is C$23.50 and its 200 day simple moving average is C$23.13. Alaris Equity Partners Income Trust has a 1-year low of C$18.85 and a 1-year high of C$26.31. 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 market capitalization of C$1.08 billion, a price-to-earnings ratio of 6.51, a P/E/G ratio of 0.80 and a beta of 1.10.

Alaris Equity Partners Income Trust (AD.UN) Company Profile

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.